DAO
It also is known as the digital decentralized autonomous organization (DAO). The DAO served as a form of investor-directed venture capital fund that seeks to provide the enterprise with new decentralized business models. Built on the Ethereum blockchain, The DAO’s code was open-source. The organization set the record for most crowdfunded projects in 2016, however, those funds were partially stolen by hackers cause an Ethereum hard-fork that created Ethereum Classic.
Explosive Growth Forecasted for Blockchain Gaming: Market to Hit $614 Billion by 2030
The blockchain gaming market is predicted to surge from $154.46 billion in 2023 to $614.91 billion by 2030, fueled by trends like DAOs, crypto adoption, AR/VR, cloud gaming, and creative collaborations.
SushiSwap CEO Proposes New Token Model
SushiSwap's CEO, Jared Grey, is leading a community proposal to revamp the platform's tokenomics, aiming to improve reward efficiency, recalibrate incentives, and diversify revenue streams.
Floki Enters the Tokenization Arena with TokenFi Launch
Floki announces the launch of TokenFi, a platform designed to simplify the tokenization process in the expanding tokenization industry, projected to hit $16 trillion by 2030. The platform, backed by significant partnerships and with a strategic plan to ensure a smooth launch, reveals a larger roadmap set for October 27, 2023, with trading beginning at 3 PM UTC. The strategic moves include partnerships with DWF Labs and World Table Tennis, aligning with the industry's growth trajectory.
Arbitrum Proposes 75 Million ARB Short-Term Incentive Program
Arbitrum ($ARB) Incentives Working Group proposes a Short-Term Incentive Program to distribute 75 million ARB tokens from DAO-funded incentives to active protocols on the Arbitrum network. The program aims to support network growth, experiment with incentive strategies, find new grant models, and collect incentive data for future programs.
TRON DAO Team Goes to NFT NYC 2023 and Announces Uquid Partnership
They say if you can’t make it there, you can’t make it anywhere. So, the TRON DAO team gave Gotham a go.
Keiji Inafune and Seiichi Ishii with Minnapad for New Web3 Projects
Famed Developers of Iconic Game Franchises, Mega Man and Tekken to Serve as Inaugural Legends DAO Partners with Their Original IPs, BEASTROID and BRAIN FIGHTER, on a New Platform
Arbitrum's ARB Token Airdrop Triggers OTC Trading
The announcement of the ARB token airdrop by Arbitrum Foundation has triggered over-the-counter (OTC) trading of the unreleased tokens. ARB marks Arbitrum's official transition into a decentralized autonomous organization (DAO), giving ARB holders the power to vote on key decisions governing Arbitrum One and Arbitrum Nova. The airdrop will grant 11.5% of the total supply to eligible Arbitrum users and 1.1% to DAOs in the Arbitrum ecosystem.
Stargate Foundation advised against reissuing STG token
Stargate Foundation has been advised against reissuing the STG token by its DAO due to concerns raised by FTX liquidators following the bankruptcy of FTX and Alameda Research's wallets being hacked for roughly $500 million.
Aave DAO Passes Proposal to Recover Lost Tokens
Aave DAO has passed a proposal called “Rescue Mission Phase 1 Long Executor” to recover lost AAVE, LEND, Tether, UNI, and staked AAVE tokens that were mistakenly sent to certain token contracts in the past. This proposal authorizes Aave developers to upgrade the smart contracts and send the lost tokens back to their original owners automatically. The new implementations for these contracts will only include extra logic during initialization, implying that future tokens mistakenly sent to these addresses may not be recoverable.
LinksDAO and Spey Bay Golf Club
"LinksDAO" may acquire a $900,000 Scottish golf course. Voting closes on Feb. 22 at 12pm ET, with 88% of voters supporting the acquisition.
LidoDAO is considering selling or staking its $30 million
LidoDAO, the decentralized autonomous organization behind Lido, is considering staking or selling its $30 million ETH treasury to meet unexpected market swings.
Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases
Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases.
Venture capital firm Andreessen Horowitz voted against a Uniswap proposal
Andreessen Horowitz (a16z) opposed a final plan to instal Uniswap V3 on the BNB Chain utilising the Wormhole bridge.
The Future of DAOs Takes Center Stage in Tel Aviv
The DAOVOZ collective is excited to announce the inaugural DAOVOZ Tel Aviv event on February 8th, as part of the festivities surrounding ETH TLV and Building Blocks. This event will focus on the needs of builders in the DAO space and provide clarity on emerging best-practices for decentralized autonomous organizations that want to build with sustainable success in mind.
Prime Minister of Japan Fumio Kishida Comes Out in Support
On Feb. 1, Prime Minister Fumio Kishida addressed the House Budget Committee on DAOs, NFTs, and Web3.