Viewport 05
Seven disclosure categories, one partial, six missing.
A visual checklist of the information a prospective partner or investor would typically want to review. Green indicates the category is fully disclosed in public sources. Amber indicates partial disclosure. Red indicates the information has not been located as of April 14, 2026.
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Fully disclosed categories
Of the seven standard disclosure categories scanned, zero are fully public, one is partially public (founder background), and six have not been located in open-source sources as of April 14, 2026. These are facts about what is currently visible, not judgments about the company.
Blockchain / tech stack Category 01
Not disclosed
"Layer Economy" whitepaper Category 02
Not located
Legal entity / filings Category 03
Not located
Funding & cap table Category 04
No Form D found
Team beyond founder Category 05
Founder only
Corporate structure / Layer Group Category 06
Relationship unexplained
Rights methodology Category 07
Method not defined
Fully disclosed
Partial disclosure
Not located in public sources
Gap 01 / Blockchain
No chain, contract address, or token named
Press materials use only "blockchain-based verification" or "blockchain-backed." Chain name, contract addresses, consensus mechanism, and custody model not disclosed. No GitHub org located under "digitalrightsnetwork" or "drn."
What would close this: Chain name, contract addresses, and one BXP-deal transaction hash a researcher can verify on a block explorer.
Gap 02 / Whitepaper
"Birth of the Layer Economy" not located
Referenced in Mandt's outreach email. Open-source searches for the title returned no published document. The phrase appears as a rhetorical frame in launch coverage.
What would close this: A link or PDF of the document referenced in the pitch email.
Gap 03 / Legal entity
No Delaware or California filing located
No Secretary of State record surfaced via open search. The website's footer legal entity name was not captured; direct fetches of digitalrightsnetwork.com returned HTTP 403.
What would close this: The legal entity name and state of incorporation.
Gap 04 / Funding
No Form D, no cap table, no prior-round history
SEC EDGAR full-text search returned no Form D. No Crunchbase organization page surfaced for DRN. No named investors, lead investor, or round documentation in public sources.
What would close this: Current cap table, prior round documentation, and Form D (or explanation for its absence).
Gap 05 / Team
No named executives beyond Mandt
No CTO, Head of Engineering, blockchain lead, or board members named in reviewed public material. A LinkedIn DRN company page was not located in open search.
What would close this: A team page or LinkedIn company page with named engineering and business leads.
Gap 06 / Layer Group
Corporate relationship unexplained
Mandt is listed as Partner at The Layer Group on Crunchbase. "Layer economy" recurs as a frame. No public source explains whether The Layer Group is a parent, sister, consulting vehicle, or unrelated venture.
What would close this: A one-page explanation of the DRN/Layer Group relationship and any cross-ownership.
Gap 07 / Rights methodology
"Property" and "$400B" definitions not public
20,000 properties and $400B in registered real-estate value are reported without a public definition of what constitutes a "property" (parcel, building, portfolio entry, geofence) or a public method for computing the $400B (assessed, appraised, replacement cost, market cap). A reader cannot reproduce either number from public data as of April 14, 2026.
What would close this: A one-page methodology document covering registration unit, registration source, and valuation method.