[Proposal] Register for Legal Wrapper

[williamx]

This is part of VN Artists Dao July Funding Request (Overview)

As per the conversation about the future of Creatives, we would like to register for Legal wrapper on July to operate legally as an organized entity.

@Paul

NF has made it a requirement for receivers to take on the legal liability of funds received. At this moment, individuals are allowed to KYC and take on liability as representatives of their DAO. This is a great immediate solution but not a long term system we should maintain. As we move forward as an organization, Creatives DAO would like to reach a point where all DAOs being funded are legally wrapped to ensure systems of decentralization and protect Creatives DAO in the event that we transition into directly funding DAOs (rather than NF directly funding DAOs). Because of this, DAOs are advised to register for Legal Wrapper in the near future to prepare for these transitions.

Cost: $200

Including 39 DAI for registration on Otoco.io and the remaining for Ethereum fees. The amount may be more or less depend on ETH price. We’ll report that on our July report.

Metrics to measure success:

• Successfully register for legal wrapper

Link to the main proposal: [Proposal] VN Artists Dao – JULY 2022 Funding Request (Overview)