VitaDAO, a decentralized autonomous organization that sponsors research projects in the field of longevity science, has completed a $4.1 million fundraising round. According to a news statement, Pfizer's venture arm, VitaDAO participated in the token round alongside Shine Capital, L1 Digital, and Balaji Srinivasan, among others. According to Ion, the round ended this month. According […] The post...
A member of the Ethereum Name Service (ENS) DAO has suggested in a governance proposal that the organization liquidates 10,000 ether. In a governance proposal, a member of the Ethereum Name Service (ENS) DAO, which stands for decentralized autonomous organization, requested that the group sell 10,000 ether (ETH) to pay for operating expenses over the […] The post...
Game7, a Web3 gaming DAO, has started a grant program with a $100 million budget amid the FTX collapse. The main objective of this grant is to help programmers in creating the tools to make Web3 gaming better and more accessible....
Tiantian Kullander, the former Morgan Stanley trader who co-founded digital- asset trading platform Amber Group, has died. According to the company's official website, Tiantian Kullander, popularly known as TT, the co-founder of Amber Group, tragically passed away in his sleep on November 23. Tiantian, who was 30 years old, is survived by his wife and son. […] The post...
DAO begins a litigation battle with the SEC over 2021 token registrations and opts not to have attorneys in its fight for registration. In a legal battle with the Securities and Exchange Commission (SEC), the first decentralized autonomous organization (DAO) in the United States is registering tokens for the year 2021. In response to SEC […] The post...
NTT Docomo, Japan's largest mobile operator which is partially owned by the government, wants to hasten the adoption of Web3 in Japan. To speed up the adoption of Web3 in the nation, NTT Docomo, the largest mobile provider in Japan with over $40 billion in annual revenue, teamed with multichain smart contract platform Astar Network. […] The post...
A DAO lacks centralized leadership. Bottom-up decisions are made by a community regulated by blockchain-enforced norms. This article discusses creating DAOs Decentralized Autonomous Organizations: What are they? Decentralized Autonomous Organizations lay down the rules of the road for all corporations. Private agreements, such as shareholder contracts, between firm owners could constitute such governance standards. Since […] The post...
DeFi is redefining the standards of what we anticipate from finance, and for beginners, grasping the entire lexicon of DeFi terms may be rather difficult. To make it easier, we have simplified them down into simple terms. What is DeFi? DeFi is a developing industry that enables participants to conduct financial transactions without using a […] The post...
OlympusDAO, a decentralized reserve currency protocol launched in May last year, was the target of a cyber attack that led to the siphoning of 30,000 OHM tokens valued at about $300,000. Blockchain security analytics firm PeckShield shared some information about the hack, saying there was an error in the protocol's smart contract...
Projects using decentralized finance (DeFi) technologies are presenting solutions that serve as a replacement for centralized traditional financial services. What is DeFi? The term "decentralized finance" refers to a financial system that is not based on or organized around a central actor or institution but rather is driven by a multitude of dispersed actors and […] The post...
Key takeaways: The integration of Uplift DAO and MoonPay combines traditional investment methods with web3 projects This partnership will allow investors to easily invest in web3 projects on the Uplift...
In the recent news, Mango Markets, a decentralized crypto platform based on Solana, experienced an exploit. According to a source, the attack led to a loss of $114 million worth of crypto tokens. Exploits in the crypto industry are increasingly becoming more rampant on different platforms. The attackers are using innovative approaches to...
Following the recent hack on Mango Market, the DAO has decided to provide a settlement for those affected by the hack with more than 98% of voting tokens in support of the settlement. According to the decentralized finance (DeFI) protocol governance forum, the Mango Markets community is prepared to reach an agreement with its hacker, […] The post...
The U.S. Commodity and Future Trading Commission (CFTC) has filed a case against an autonomous decentralized organization (DAO) protocol, bZeroX, and its founders, Tom Bean and Kyle Kistner, for operating illegal activities. The Commission also penalized the platform for $250,000 and ordered it to be ceased and desist from the industry. As per the CFTC’s filing on September 22, the DAO platform violated...
Following an April hack attack that affected many Tribe users, the Tribe DAO community has proposed compensation. The tribe is a decentralized autonomous organization (DAO) that controls three projects in the ecosystem. The tribe was launched in 2021 when Fei protocol acquired Rari Capital. The Tribe ecosystem runs a protocol known as the Turbo liquidity accelerator (Tribe Turbo). Tribe Turbo enables DAOs to...
The long-awaited Ethereum upgrade, the Merge, has been released. With the transition from PoW to PoS network, the Ethereum blockchain will become more energy efficient. Also, miners will cease to be the validators on the network. Instead, stakers will finally take over the validation and security maintenance role of the Ethereum blockchain. A blockchain analytics company, Nansen, gave a recent report on the...
The cryptocurrency space continues to see several developments and new phenomena in 2022. This includes the advent and adoption of Web3, new innovations in blockchain protocols, NFTs, the rise of the Metaverse, and many others. With so much buzz and potential garnered from these trends, the hype for the industry has never been higher, underscoring importance of crypto & blockchain events.
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