Tagged: daos

Tennessee Follows Wyoming to Become Second State to Recognize DAOs

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Last month, Tennessee became the second state to allow decentralized autonomous organizations (DAOs) to register as LLCs, following pioneer Wyoming. HB2645 and SB2854 provide that the Tennessee Revised Limited Liability Company Act applies to decentralized organizations. The legislation became law on April 20, 2022. Chris… Read More

DAOs: Treasure DAO’s MAGIC Crypto Token Is Now Available via Okcoin

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Digital asset firm Okcoin is now offering MAGIC, which is the native crypto token of Treasure DAO. According to Okcoin, here’s what MAGIC and Treasure are all about, in simple terms: You can now deposit MAGIC on Okcoin. This offer is for all Okcoin clients… Read More

Founders Fund, Pantera Lead $20M Round in Ondo Finance to Build “Decentralized” Investment Bank Ondo

DeFi Decentralized Finance

Ondo Finance has finalized a $20 million Series A to accelerate the adoption of DeFi “among mainstream investors.” This latest investment round was led by Founders Fund, the venture capital firm founded by Peter Thiel, and Pantera Capital. The funding will “allow Ondo to build… Read More

Notifi Introduces Web3 Messaging SDK, Integrates with Solana SPL Governance to Increase DAO Participation

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Notifi, a messaging layer for Web3, has announced the launch of its SDK “to enable Web3 projects to drive communications at scale.” Solana’s SPL governance protocol is reportedly “the first to integrate and go live with the Notifi SDK, enabling DAO administrators to send real-time… Read More

Elastos Incorporates Cyber Republic DAO as Legal Entity to Lead Growth via “Democratic” Decision-Making

John Marshall Judge Legal Law Statue Washington DC

  Elastos, the provider of open-source solutions and developer of the first decentralized infrastructure for the Modern Internet (Web3), is pleased to confirm that its ecosystem DAO, Cyber Republic (CR), has now been incorporated into “a legal entity in the state of Delaware.” The filing… Read More

Lemonade Foundation to Leverage Blockchain to Protect Subsistence Farmers from Climate Change

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The Lemonade Foundation, the nonprofit founded by Lemonade to “effect exponential social and environmental impact” via technology, has announced the “formation of the Lemonade Crypto Climate Coalition.” The coalition is being “constituted as a Decentralized Autonomous Organization (DAO), dedicated to building and distributing at-cost, instantaneous,… Read More

Katie Haun’s Crypto VC Fund Secures $1.5B After She Left Andreessen Horowitz in December

Kathryn Haun

Katie Haun, a former federal prosecutor, is currently focused on cryptocurrency investing. Her VC company has acquired $1.5 billion in capital. Haun Ventures confirmed the launch of a $500 million early-stage fund and another $1 billion in funding for more established firms that are focused… Read More

Coinbooks Acquires $3.2M in Funding from Y Combinator, Multicoin Capital, Others

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Software startup Coinbooks, which is only 3 months old, has secured a total of $3.2 million in funding from investors including Y Combinator, Multicoin Capital, Lattice Capital Partners, Polygon Technology’s founders, Seed Club Ventures, and Orange DAO. Established by CEO Arnav Bathla, the firm intends… Read More

KurateDAO Acquires $6.85M via Seed Round led by Polychain Capital to Implement the “Curate-to-Earn” Category

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KurateDAO, a database developed on the blockchain, recently announced the close of its $6.85 million seed funding round, which was reportedly led by Polychain Capital. KurateDAO’s mission is to “use economic incentives to curate the world’s information.” Established this year, KurateDAO sees today’s “one size… Read More

Nexus Mutual Joins Over 30 DAOs Integrating DAO Treasury Management Solution from Bancor

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Nexus Mutual will execute (what it claims to be) the “single largest” DAO treasury deposit on Bancor this week, joining other DAOs that have staked treasury funds on Bancor. The deposit of more than $2.2 million wNXM comes as an increasing number of DAOs and… Read More

DAOs, NFTs, DeFi, Decentralized Infrastructure Identified As Key Trends by Electric Capital

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Electric Capital recently raised $1 billion to fund cryptocurrency networks, Web3 protocols, and blockchain-powered businesses. Electric Capital wrote in a blog post that they are long-term investors and partners to their founders. They claim to have spent the past four years “building software and data… Read More

WEFUZZ, the Coinbase Crypto Community Fund Grant Recipient, Is Building Security Audit, Bug Bounty Solution

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A report shared by digital asset firm Coinbase (NASDAQ: COIN) had provided the latest updates on what WEFUZZ, the Coinbase Crypto Community Fund grant recipient, has been working on during the first part of their year-long Crypto development grant. This update covers their ongoing work… Read More

ShapeShift DAO, a Decentralized, Non-Custodial Digital Asset Platform, Extends Farming Rewards

Farm Farmer Tractor

The community behind the ShapeShift DAO has “spoken,” so FOX Token farming rewards have reportedly been extended, according to an update posted on February 22, 2022. ShapeShift, a digital asset platform that transitioned into a DAO, notes that if you are farming your FOX Tokens,… Read More

DAOs or Distributed Autonomous Organizations Offer Low-Barrier Opportunities to Coordinate Assets, Ideas: Kraken Report

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The past few years have seen the crypto and blockchain space impact just about every industry in one way or another. However, one innovation in particular is leveraging blockchain or distributed ledger technology (DLT) in order to “fundamentally disrupt how organizations are structured, codified and… Read More

Ocean Protocol Announces Introduction of DataX, an OceanDAO Grantee

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Ocean Protocol, the decentralized data exchange protocol that taps into data for AI, is pleased to confirm the introduction of DataX Protocol, an initiative financed via OceanDAO, Ocean’s community-curated grants program. DataX Protocol has a lineup of various DeFi tooling solutions for datasets in the… Read More

TRON Foundation Now Restructured as TRON DAO to Enable Complete Decentralization

Decentralize

As the crypto and blockchain space continues to grow steadily, decentralized autonomous organizations (DAOs) are becoming more common (because they provide a way to enable decentralized governance). After its MainNet launch back in June 2018, the 3-year-old TRON blockchain platform has developed its own DAO… Read More

Surojit Chatterjee from Coinbase Says that Ethereum (ETH) Scalability Should Improve in 2022, as Industry Welcomes Next 100M Users

Coinbase on iPhone 12 Buy and Sell Crypto

Surojit Chatterjee, Chief Product Officer at Coinbase (NASDAQ: COIN), notes that 2021 proved to be “a breakout year for crypto” with Bitcoin (BTC) price gaining nearly 70% YoY, DeFi hitting $150B in value locked, and NFTs “emerging as a new category.” Chatterjee has shared his… Read More

DAOs: Distributed Autonomous Organizations Might Become Core of Governance Models in Metaverse, Ontology Explains

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Ontology Network, which claims to be a high performance, open-source blockchain specializing in digital identity and data, notes that VC firm a16z is entering the DAO field via strategic investments into various DAO initiatives, like the recent investments in social DAO project, FWB. Since last… Read More

Chainlink Keepers Are Helping Smart Contract Devs on Ethereum, Polygon, BSC with Creating Seamless dApps

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Chainlink Keepers is a decentralized transaction automation solution that allows smart contracts to effectively automate important functions and DevOps tasks in a reliable, “trust-minimized”, and cost-efficient way. Blockchain developers, teams, and distributed autonomous organizations or DAOs are able to leverage Chainlink Keepers as a type… Read More

Crypto Usage and Digital Assets Adoption Growing Worldwide but US Still Represents Largest Market: Report

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This week, crypto (again) reached “record levels” of investment while industry professionals gathered to predict the key trends for the sector in 2022, the team at Sygnum Bank wrote in a blog post. At the same time, Sygnum has introduced a structured product offering (what… Read More

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