Who owns Tezos?

The intellectual property rights for Tezos belong to Arthur and Kathleen Breitman. When the Initial Coin Offering raised more than $230 Million, the public information clearly stated that the offer would not transfer any ownership to the buyers. They have not kept exclusive control. The Tezos Foundation Board of Directors controls the protocol, policy, and day to day operations.

Who owns Tezos?

The intellectual property rights for Tezos belong to Arthur and Kathleen Breitman. When the Initial Coin Offering raised more than $230 Million, the public information clearly stated that the offer would not transfer any ownership to the buyers. They have not kept exclusive control. The Tezos Foundation Board of Directors controls the protocol, policy, and day to day operations.

The Board consolidated management control in a small executive council. This small group oversees daily operations. Each holder of the XTZ token can participate in governance. They can contribute ideas, innovations, and policy improvements.

While the Breitman’s own the intellectual property rights, Tezos operates as an organization run by a foundation with a corporate structure. The coin holders exercise rights to influence the policies, and the organizations guidelines provide for policy changes.

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