MIDAO, a Marshall Islands-based decentralized autonomous organization (DAO) registry services provider, has announced the successful completion of a $1 million fundraise to expand its innovative legal and regulatory framework for third evolution of the world wide web (Web3) projects and decentralized autonomous organizations. This investment round underscores the growing recognition and confidence in MIDAO's ability to revolutionize the legal landscape for Web3 and DAOs. With a partner network of over three hundred vetted Web3 lawyers, this fundraise will enhance MIDAO’s core offering to provide legal recognition for Web3 projects & DAOs, ensure liability protection for contributors, and expand its global partner network of Web3 lawyers and professional service providers.
The company's mission is to empower Web3 organizations across industries to confidently access legal and regulatory frameworks, and attract existing DAOs seeking for legal recognition. The new funding will also support MIDAO’s expansion plans, including strengthening sales and marketing efforts, continuing to create Web3-friendly legislation, talent acquisition, and strategic partnerships to increase market presence and enhance customer support.