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As an open-ended corporation that is continuously accepting shareholders, the DAO (see our other post on the DAO if you don't know what we're talking about) is continuously increasing its paid-in capital (for a live update, go to https://daohub.org/, where you will see a USD equivalent of the amount of ETH paid into the DAO, as of writing this post, it stood at $167m).
Yet despite being a newly created entity, proposals are already flooding in (see here for a continuously updated list of proposals).
Some are of a more serious ilk: from creating a new supercomputer to alternative fuel vehicles. Others include buying an island.
The Slock.it proposal for a sharing platform remains the most discussed (and seemingly advanced) proposal.
Stay tuned!
As of Monday, Slock.it, a blockchain technology company... was one of only two organisations to pitch for financial backing from The DAO. Mr Jentzsch said that, if successful, they would use the money to build a “universal sharing network”, a worldwide network “where you can share whatever things you have, [like] cars or houses”. Slock.it had not decided yet how much money it would ask for, but that it would have to “negotiate” with The DAO. Asked how the autonomous organisation could ensure it was not being used for money-laundering by its anonymous investors, Mr Jentzsch said a vehicle had been set up in Switzerland to facilitate The DAO’s investments in other companies, since Swiss law makes it possible to “take money from an unknown source as long as you know where it’s going”.
https://next.ft.com/content/600e137a-1ba6-11e6-b286-cddde55ca122
