Is Nu a company or a piece of code?

The Plaza
#1

Colu is a company that makes use of the blockchain technology to cut “the middle man”, but invested by traditional VCs.


Why is Nu not invested by VCs?

#2

As far as I know it is. Remember, Jordan obtained half a million in funding to build Peershares and Nu. This person (or people) are most likely shareholders.

1 Like
#3

A more accurate term would be “project”, since there is no national association with any one country, no employees (only contributors), and no detailed financial statements.

#4

DAC/DAO was invented as a term for the hybrid between network and corporation: http://en.wikipedia.org/wiki/Decentralized_Autonomous_Organization . Some DAC’s have legal entities behind them, such as Bitshares (for-profit) and Ethereum (non-profit), while others have not.

#5

Well there are dividends and shares. So to, Nu is more than a project, it is a DAC/DAO as alluded by @benjyz .

1 Like
#6

Is Nu for profit? and can it have a legal entity backing it?