Distributed Finance acquires Algorand NFT marketplace Rand Gallery

Other investors in the round include The Algorand Foundation, Eterna Capital, Big Brain Holdings and Fun Fair Ventures, per the release., a DAO management tool within Algorand, is responsible for creating Distributed Finance.

In recent months, Zest has been working on a for-profit DAO structure in the Cayman Islands. Institutional clients will have access to the Investment DAO LLC structure, enabling an unlimited amount of global members to access equity ownership in their DAOs, according to the release.The fresh $2.5 million in funding will be put toward launching and scaling Zest; growing Rand Gallery and driving hiring, Murray-Jones said.

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