OpenLaw launched a first-of-its-kind Limited Liability Autonomous Organization (LAO) on Tuesday, which would allow venture capitalists to make investments and generate returns on the upcoming line of Ethereum network-based projects.
The LAO project was first announced in September during the ETHBerlin conference.
And later make payouts based on those investments in different Ethereum projects.
The success of this venture capital investment fund lies in how wisely the investors vote for the project they want to invest in.
The DAO investment project received a lot of flak after the infamous hack back in 2016: where hackers managed to withdraw $3.6 million from the investor pool and later faced the heat from regulators for offering unregulated securities.

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