# Legal foundations for decentralization

DappRadar's evolution from a centralized entity to a vision of "a community-owned dapp store, built by millions and used by billions”, necessitated a significant shift towards decentralization. To facilitate this transformation, two critical legal entities were established by the end of 2021: the DappRadar Foundation in the Cayman Islands and DappRadar Labs Limited in the British Virgin Islands. These organizations were crafted to provide a legal infrastructure, or "Legal Wrapper," for the DappRadar DAO, ensuring a stable, compliant, and transparent basis for our decentralized activities, in harmony with our dedication to legal integrity and community-driven governance.

<figure><img src="https://lh7-us.googleusercontent.com/i4Ckxc1UJ1O5Q7UTm9B2mlGKKlE8Ve-r9_HUkNWCT4fQ2mEwjzKPfLvVvSZQ36V_jEEEthAVqVqTRN6-EeDsNR7LztRXZbCo1g0L6q_CzU-3Q4O1s5fUclOiASiWpXUY-NnYLSWYl9Amq89wskNVBik" alt=""><figcaption></figcaption></figure>

The DappRadar Foundation functions as an ownerless entity, acting as the legal mantle for the DappRadar DAO. The law mandates the appointment of a supervisor for such entities, a role presently held by International Protectors & Advisors Ltd., also fulfilling the secretary function. Early 2022 saw the engagement of Paul Parker, a crypto-savvy professional director, to further reinforce our governance structure. Registered with the Cayman Islands Monetary Authority and a member of the Cayman Islands Directors Association, Paul's expertise and credentials are invaluable assets to our leadership.

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DappRadar Labs Limited operates as the DAO's active arm, overseeing the treasury and maintaining direct ownership and directorship under the DappRadar Foundation, ensuring a unified and strategic direction.


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