Crypto lender Morpho bucks DeFi trend as nonprofit absorbs development team – DL News
Morpho's nonprofit arm will absorb Morpho Labs SAS.The move addresses perceived tension between equity investors and token holders.Founder Paul Frambot...
Nonprofit
Yuga Labs sells CryptoPunks to new nonprofit in focus shift
This is a segment from The Drop newsletter. To read full editions, subscribe. Once a behemoth in the NFT world,...
NFT phenom CryptoPunks was just sold to a nonprofit
Yuga Labs, known as the creator of Bored Ape Yacht Club and other notable NFTs, sold its iconic CryptoPunks to...
Yuga Labs, Owner of Bored Apes, Sells CryptoPunks to Arts Nonprofit
The Infinite Node Foundation announced Tuesday that it has acquired the “full intellectual property rights” for CryptoPunks, one of the...
OpenAI focuses on its nonprofit control amid legal clash with Elon Musk
OpenAI has announced a significant pivot, walking back previous plans to evolve into a traditional for-profit entity, according to a...
OpenAI to stay nonprofit, scrap proposed overhaul
ChatGPT-maker OpenAI has abandoned plans to become a for-profit company and reaffirmed commitment to its nonprofit status. In a May 5...
Elon Musk leads $97 billion bid to buy non-profit arm of OpenAI amid Sam Altman rejection
A consortium led by Elon Musk has submitted a $97.4 billion bid to acquire the non-profit that controls OpenAI. The...
Binance Founder CZ to Launch Non-Profit Education Project Amid Legal Woes
Following his departure from the crypto exchange Binance last November, the company’s founder and former CEO Changpeng Zhao, also known...
Wyoming passes law to give DAOs a nonprofit legal framework
Starting this summer, Wyoming will have a new system for managing and incorporating decentralized autonomous organizations as nonprofits (DAOs). Wyoming...
xAI Corp owner Elon Musk sues OpenAI for straying from non-profit roots
Elon Musk has filed a lawsuit against OpenAI, its co-founders Sam Altman and Greg Brockman, and other related entities.According to...