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A group of cypherpunks recently initiated a decentralized autonomous organization (DAO) in order to try and free the incarcerated Wikileaks founder and activist Julian Assange. So far, the DAO has raised $7.5 million in ether and the funds will be used to help with Assange’s legal fees and raise public
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“People are self-organizing into groups of things that they want to do,” says Rafa. “People have realized, 'Oh shoot, I can just do interesting work, and people give me money?'” Before helping to launch Mirror DAO (a Web 3 publishing platform), Rafa studied organizational behavior for years. He came to
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Matter Labs, the organization behind Ethereum layer 2 scaling protocol zkSync, has announced a $200 million decentralized autonomous organization (DAO) backed by BitDAO, a DAO-directed treasury with a balance of more than $2.6 billion.The new zkDAO will use the capital to help expand the zkSync ecosystem through public goods and
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A top crypto accelerator is DAOifying itself to the tune of $50 million.DeFi Alliance, the incubator of platforms from Sushi to Olympus DAO, rebranded itself as “Alliance DAO” Thursday. A who’s-who of crypto investors, executives, NFT bulls – and also Jake Paul – backed the self-styled “digital startup nation.”Some 300
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Community governance is a concept that hearkens back to the early days of cryptocurrency, when intrepid cypherpunks pooled resources, shared ideas, and tinkered with one another’s proposals. With everyone pulling in the same direction, but each bringing his own talents and theories to the table, the idea was that those
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2021 was the year of the decentralized autonomous organization, or DAO. Projects like PleasrDAO, Friends With Benefits and ConstitutionDAO showed the potential for collective action and governance. DAOs are novel legal structures with a big future. But how will they work in practice? I have my doubts.Decentralized autonomous organizations are,
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press release PRESS RELEASE. Blockchain history was made earlier this week. Thanks to more than 2,560 DAO votes in a Snapshot proposal, the Panther Protocol was voted to be launched in a private, decentralized manner. This constitutes the very first event of its kind, a feature that sets Panther a
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During the last half of 2021, decentralized autonomous organizations (DAO) have been popping out of the woodwork in mass numbers, airdropping tokens and creating governance systems for specific projects. Just before the end of the year on December 31, the developers behind the Shiba Inu crypto protocol have announced the
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Once the first phase is complete, using community feedback, Shiba Inu will release a newer version, called “DAO 2,” to allow the community to make generic proposals for consideration or review by a “Multisig-Team, and Breeds,” according to the blog. Original Source
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The total combined value of treasuries, or assets under management (AUM) for the use of decentralized autonomous organizations, increased by around 40 times between January and September of 2021. According to data from DAO stats platform DeepDAO, the total AUM for DAO treasuries listed on the platform increased from around
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