Summary
Wyoming has introduced new legal entities for decentralized nonprofit associations that could allow for the creation of protocols independent of nation states, making it easier and cheaper to establish these entities.
Key Points
1. Wyoming’s new legal entities for decentralized unincorporated nonprofit associations provide a framework for creating protocols that operate independently of nation states.
2. These legal entities offer a cost-effective way for individuals and organizations to establish decentralized projects and initiatives.
3. By enabling the formation of these entities, Wyoming is positioning itself as a leader in fostering innovation and collaboration in the decentralized space.