a16z announces an investment in one of DAO's most successful decentralized autonomous organizations, PleasrDAO.

Ali Yahya, general partner of legendary venture capitalist Andreessen Horowitz (a16z), announced yesterday (15) on Twitter that 16z had invested in the decentralized autonomous organization PleasrDAO.

In an introduction to PleasrDAO in a tweet, Yahya said that it is a stand-alone organization based on Web3, a new type of business marketing network, and achieves major goals through collaboration, and has congratulated PleasrDAO in the tweet. DAO works best to date.

Yahya said on Twitter: Today I am very happy to report the good news that 16z has invested in PleasrDAO. There is nothing better than advertising this as a video show by ppleasr1 itself. The work of artist ppleasr was inspired by the design of PleasrDAO.

a16z did not disclose the size of the company's investment in PleasrDAO, but SantiagoSantos, a member of the PleasrDAO board, told TechCrunch that a16z the total stake in DAO management tokens is "less than at 5% ".

Enjoy Dao

PleasrDAO, which currently has 53 cryptocurrency players, was first claimed by Leighton Cusack, founder of DeFi Money Lottery Pool Together, and launched in March of this year. The animated series was created by the decentralized exchange Uniswap.

Cusack reposted the post from ppleasr and asked "Does anyone want to bet doing DAO speed?" PleasrDAO was created. Although the main goal was to buy NFT Uniswap V3 as a charity, the members accepted the unique concept of charity and were inspired by the artists, so they decided to keep working and buy NFT more profitably.

Announced less than a month after the acquisition of Uniswap, PleasrDAO acquired the NFT StayFree from Edward Snowden (Edward Snowden) for $ 5.4 million, and in May it acquired the anonymous browser Onion Router (Tor ) .onionURL NFT. Purchased the first DOGE Shiba Inu meme in June for 1,696.6 ETH.

In addition, PleasrDAO is not the first DAO project invested by a16z. a16z joined FWB (Friends With Benefits) DAO for $ 10 million last September and was completed with a net worth of $ 100 million.