An anonymous investor, evidently accustomed to flushing his money down toilets, has given $2 million USD to failed DAO creators slock.it in order to hire five new "developers" to build a "Universal Sharing Network". The goal of the project is to use smart contracts to monetize the "Internet of Things". Neckbeard Stephan Tual, who somehow still has the job as COO of slock.it stated:

"The smart contracts that we’re going to write as part of the USN are going to be written keeping in mind all the lessons that we’ve learned from The DAO, both in terms of how to write smart contracts, how to keep them safe."

Tual went on to detail a due-diligence process which included an auditing process that must detail where the company will spend funds and what, if anything, the founders have accomplished besides losing millions of dollars and writing shitware on top of an already buggy and unreliable platform. Mr. Tual, however, persists in the delusion that their security is top notch, telling CoinDesk: "There’s going to be top-notch security around the stuff and who’s in a better place to do it than us?". Criticisms regarding the platform and the slock.it team's track record were dismissed as simply foolish talk perpetuated by internet trolls.