What is Dao42?
Dao42 began life in 2017 with development of the Dao42 Suite beginning as the passion project of 4 IT techs and cryptocurrency enthusiasts. 2023 saw the Dao42 team shift from passion project to full time development. While the team had no intentions of shining light on this project until it was 100% ready for launch, changes to the crypto space in 2024 have forced us to go public, before launch, in attempt to create awareness for the project, raise capital for faster development and bring on more team members to ensure this project is released this year.
While the approval of ETFs this year can be seen as a win for the crypto community, we still face many challenges. Today, many banks refuse to accept withdrawals and deposits associated with cryptocurrency in the name of “security”. The SEC’s attack on freedom; suing anyone and anything that they see as a threat to their fiat regime, they are currently bringing a suit against DeFi service Uniswap and have recently arrested the developers of Samurai wallet. The European Union banning of anonymous payments; forcing customers to KYC both themselves and the recipient when sending to any wallet not controlled by a centralized service. These instances are not just an attack on privacy, they are an attack on freedom, and the Dao42 team simply will not allow that to happen.