




Mar 1, 2022 - 1h 4min
EPISODE 17
TRM Talks: DAOs: A Discussion on Decentralized Autonomous Organizations
With Aaron Wright, and Graham Novak, and Patrick South and
A DAO, or “Decentralized Autonomous Organization,” is a community-governed entity with no central authority. Imagine a corporation — made up of a network of individuals with a common interest — where the governance rules and decision-making are executed by software programs and the community shares a bank account funded with cryptocurrency for the purpose of fulfilling their shared vision. We have seen DAOs form to bid on an original copy of the U.S. Constitution, to buy an NBA team, and to facilitate financial services.
In this month’s TRM Talk, we’re joined by leading experts to unpack the Tao of a DAO: Aaron Wright, Professor at Cardozo School of Law and co-founder and CEO of Tribute Labs; Graham Novak, Partner at 28th Street Ventures who launched ConstitutionDAO; and Patrick South, Director of Business Development at TRM Labs.
Watch the recording to learn:
- What a DAO is and how they are operating today
- How DAOs are thinking about compliance and security
- How other businesses can engage with or invest in DAOs; can you "Know-Your-DAO"?
- The outlook for DAO-related disruption
This webinar is hosted by TRM Labs, a blockchain analytics company. We work with crypto businesses, financial institutions and government agencies to monitor, detect and investigate fraud and financial crime in crypto.
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About the guests

Aaron Wright is the co-founder and CEO of Tribute Labs and a Professor at Benjamin N. Cardozo School of Law. He played a role helping to launch Ethereum and has worked closely with a number of different prominent blockchain projects over the past several years.
At Tribute Labs, Wright leads a team that structures, conceives of, and supports the largest network of DAOs, including The LAO, Flamingo DAO, Neptune, Red DAO, Ready Player DAO, Neon DAO, and Dark Horse DAO. These DAOs have supported over 200 projects, acquired thousands of NFTs, and have deployed millions of dollars into DeFI.
Outside of Tribute Labs, Wright's academic research has focused on smart contracts and the regulation of blockchain-based systems. His first book, Blockchain and the Law: The Rule of Code (Harvard University Press, co-authored with Primavera De Filippi) was published in 2018. His other academic works have appeared in publications from Oxford University Press and the Hastings Law Journal. Professor Wright has testified before Congress on issues related to blockchain technology, served on the Technical Advisory Committee of the Commodity Futures Trading Commission, and his work has been reviewed or excerpted by the The New York Times and Slate.


Patrick South leads the Business Development team at TRM Labs. Prior to joining TRM, he was the Chief Development Officer at the Chamber of Digital Commerce, where he grew the association’s membership base to include global financial services entities, leading cryptocurrency businesses, and some of the largest professional services firms. In addition to development, Mr. South focused on organizational strategy and member relations. Prior to his experience at the Chamber, Mr. South was an Executive at Accenture, where he managed a portfolio of programs across the defense and intelligence sectors and oversaw their federal blockchain practice.
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