DAO News

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. 

Newsletter
A new report suggests the Ethereum staking ecosystem could become a formidable industry impacting a wider crypto economy.
Tornado Cash saga left a void, says Chainalysis chief scientist: Finance Redefined
Prashant Jha
2022-09-23T21:15:00+01:00
1447
News
The CFTC’s actions have even been met with strong pushback from its own commissioner, while others have drawn comparisons to the SEC’s regulation by enforcement...
CTFC slammed for ‘blatant regulation by enforcement’ over Ooki DAO case
Brian Quarmby
2022-09-23T04:17:08+01:00
2475
News
The vote to reimburse users affected by the hack was one of the final governance decisions for Tribe DAO which has announced plans to wind down.
Tribe DAO votes in favor of repaying victims of $80M Rari hack
Stephen Katte
2022-09-22T07:00:26+01:00
1579
News
“Too much time in governance, too little time in development, too many voices in price. Too tired and refund it all,” a core team member wrote.
Panda DAO says it will dissolve and return investors’ assets due to internal strife
Zhiyuan Sun
2022-09-19T17:30:00+01:00
1733
Opinion
Decentralized autonomous organizations have too many attack vectors that affect important projects. That needs to change for them to become practical governance...
Waves founder: DAOs will never work without fixing governance
Sasha Ivanov
2022-09-18T20:24:51+01:00
3937
Sponsored
In this upcoming 'war-to-earn' game powered by NFTs, two decentralized autonomous organizations compete strategically for revenue.
Strategic game that pits two DAOs against each other reveals when it will launch
Chris Jones
2022-09-15T21:00:00+01:00
1542
News
The protocol's TVL has plunged from around $200 million in September 2021 to less than $125K.
Apollo DAO to close vaults on Terra Classic
Zhiyuan Sun
2022-09-14T21:45:00+01:00
6432
Interview
DAO members vote and decide on the future of the story by minting, collecting and crafting panels and pages of comic book issues.
Sci-fi NFT comic book project lays the foundation for CCG development
Gareth Jenkinson
2022-09-14T08:13:13+01:00
2525

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