The venture aims to explore the intersection of code and law, culminating in establishing an alternative legal system\n<\/p>\n
The venture aims to explore the intersection of code and law, culminating in establishing an alternative legal system<\/p>\n
The law needs to develop new tools to adapt to the modern world where autonomous protocols and AI agents increasingly hold sway.<\/p>\n
So says Gabriel Shapiro<\/a>, general counsel at Delphi Digital, who on Tuesday introduced<\/a> a venture he co-founded.<\/p>\n The venture, called MetaLeX<\/a>, has the futuristic goal of serving the new \u201ccybernet economy\u201d \u2014 the term describes a world \u201cin which the physical and digital worlds will merge on top of the \u2018value substrate\u2019 of blockchains,\u201d according to a whitepaper Shapiro shared with The Defiant.<\/p>\n <\/p>\n Shapiro said he developed MetaLex in response to \u201cseeing [his] clients not able to implement trust -minimized legally compliant governance structures because it’s not fast and easy to do so.\u201d<\/p>\n The legal standing of crypto protocols has been a continuous point of contention<\/a>, as industry participants say regulators and lawmakers have failed to provide a clear framework, especially in the U.S.<\/p>\n The whitepaper breaks up MetaLeX\u2019s roadmap in three parts. The first is headlined with the word BORG<\/a>s, which the paper says is short for \u2018cyBernetic ORGanizationS\u2019 or \u2018Bionic ORGanizationS.\u2019 Another essay<\/a> by Delphi Labs, Shapiro\u2019s current employer, describes BORGS<\/a> as being \u201clegally governed by autonomous technologies through tech-specific rules implanted in their charter documents.\u201d<\/p>\n The next step of the roadmap is called dealTech, which involves an effort to fulfill the promise of using smart contracts to automate legal inefficiencies.<\/p>\n The final step of MetaLeX\u2019s vision is entitled \u201cAutonomous Law,\u201d which explores the potential for law to exist outside of any state. While the idea may initially sound \u201cabsurd,\u201d the whitepaper says, autonomous law builds on the idea of autonomous finance, a key quality of DeFi.<\/p>\n \u201cThe final phase of MetaLeX is to harness the ecosystem of interoperable DAOs, BORGs and deal technology built up in Phases 1 and 2 in order to bootstrap a new system of autonomous law that rivals the legal systems of nation-states,\u201d the whitepaper reads.<\/p>\n <\/p>\nMetaLex Roadmap<\/h2>\n
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