A wave of events five years ago formed the reality of the crypto industry, but did we really make proper conclusions?
A DAO, or Decentralized Autonomous Organization, is an idea for a firm that is ruled with enforced digital rules and without hierarchical management. DAO as an idea is very close to Bitcoin in its attempt to get rid of all middlemen in transactions.
The most important attempt to create DAO is “The DAO”--a machine-operating venture organization launched in 2016. The basic idea for an interested person was to put money into the system and then get an amount of votes used for elections of ideas worth investing in. Even the biggest critics of DAOs were in love with the idea, but they also found a lot of flaws and security holes in “The DAO”. Although the project failed within a couple of months because of the hack which resulted into hackers gaining control over 3.6 million Ether, it was a big success as a first product of sorts, gathering money from more than 10,000 users. It is likely that we will hear some DAO news soon.
Massive spikes in trading volume sent the price of XEM, REP and DNT higher even as Bitcoin price hit a weekly low at $31,000.5387
A new legal initiative in Australia wants to allow DAO project governors to contract with other legal entities through DeFi tools.3135
24-hours after launching, SHIB’s new ShibaSwap DeFi platform surpassed $1 billion in total value locked, and it is raising fees on the Ethereum network.69814
Cannabidiol is largely legal and increasingly recognized for its health benefits, but to go mainstream it may need blockchain’s transparent privacy.2786
Wyoming is further solidifying its position as the most crypto-friendly state in North America.54433
When looking at cryptocurrencies from a marketing perspective, they present a significant paradigm shift in branding.4330
Leaving the hype behind, NFTs coupled with the art market can significantly improve and even transform the art industry in many ways.5381
The first-ever “reverse rug” has a surprising compensation plan, and the largest protocol in DeFi ponders growth.7369
An assertion of property rights on the part of a DAO could be healthy for decentralized finance — another sign that DeFi is maturing.2772
With privacy tools that completely obfuscate transactions, a seven-year-old blockchain is moving its liquidity to decentralized exchanges.3406
A decentralized project is building nonfungible tokens that can store other NFTs and get them to work together and take actions, even on smart contract-free blockchains.2300
In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit.2736
Which takes precedence: the open-source ethos of DeFi, or the natural right to protect the fruits of your intellectual labor?2681
A new decentralized autonomous organization, BitDAO, announced its launch with a $230 million private sale and major contributions from Singapore-based Bybit.14907