How the Marshall Islands Is Trying to Become a Global Hub for DAO Incorporation

“We think of DEXs and DAOs as ships. They live in international waters, right?” Mark Lurie, CEO of Shipyard Software, told CoinDesk in an interview. “So when trying to figure out where to incorporate [Shipyard Software], we realized, oh, let's look at ships. And it turns out ships are all registered in the Marshall Islands. And that’s what led us here.”