Nouns

1/
OneSafe.io/web3 just set up the first known neobank account under Wyoming’s DAO-friendly DUNA structure for /nouns with help from @ethsign 

Now, Nouns can:
✅ Send fiat
✅ Off-ramp crypto
✅ Pay bills with a card
✅ Operate like any real-world company

Here’s how it went down👇

Global Trust Layer for Everyone to Sign Everything Onchain.

Powering EthSign, TokenTable and more. Backed by Sequoia, Circle, Balajis.

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings

We back bold entrepreneurs building the next internet. 
a16zcrypto.com/

2/
A DUNA (Decentralized Unincorporated Nonprofit Association) gives DAOs legal recognition without sacrificing decentralization

Via @a16zcrypto + @milesjennings: https://a16zcrypto.com/posts/article/duna-for-daos

But legal status alone isn't enough...

5/ 
Setting up the account wasn’t simple

A DUNA has no shareholders or board, so we had to work with our banking partners to figure out how to support it

We had to prove:
✅ The DUNA exists
✅ Someone can act on its behalf
✅ Their identity and authority could be verified

4/
At onesafe.io we help companies around the world manage fiat and crypto easily and even pay SaaS bills with a card

We already support non-traditional setups like offshore DAOs and entities in SEZs such as prospera.co

But could we take it further with our first-ever DUNA?

3/
Even with a legal wrapper, DAOs still have trouble:
- Paying bills
- Receiving funds
- Operating like a real business

DAOs have rights. DAOs have wallets. 

But they still don't have access to the TradFi system.

That’s where onesafe.io/web3 comes in. We built that bridge. 🌉