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Crypto Governance Advisory MetaLeX Raises $2.75M

Prominent crypto lawyer Gabriel Shapiro's MetaLeX raised $2.75 million at a $27.5 million valuation. The project is building new governance standards for crypto groups to use when decentralizing. Crypto proponents used to posit that "code is law." Courts and legal pundits ultimately forced the phrase into retirement. But there's still plenty of money in figuring out how the two intertwine. MetaLeX recently raised $2.75 million in seed funding led by Cyber Fund. It is now valued at $27.5 million, Shapiro said. In MetaLeX lingo, the name for this newfangled construct is a Cybernetic Organization, or BORG. Think of it as a cyborg equivalent for legal entities. 


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