Pussy Riot Founder, Crypto Firms Form DAO To Raise Funds For Ukraine Defense

A blockchain-enabled decentralized autonomous organization (DAO) has been formed by crypto investors and Russia-based artistes to raise funds for the Ukraine armed forces defending their country against the Russian army. UkraineDAO was established by members of investment group PleasrDAO, NFT studio Trippy Labs, and the founder of Russian art collective Pussy Riot on Thursday. A decentralized autonomous organization (DAO) is a transparent organization with regulations encoded as a computer program that is governed by its members and not influenced by any central authority. They can be used for any projects including fundraising. UkraineDAO intends to support Ukrainian soldiers with funds from its official war chest (ukrainedao.eth).