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. 

Expert Take
Leaving the hype behind, NFTs coupled with the art market can significantly improve and even transform the art industry in many ways.
Hype is over: How NFTs and art will benefit from each other moving forward
Sophia Schteiner
The first-ever “reverse rug” has a surprising compensation plan, and the largest protocol in DeFi ponders growth.
Finance Redefined: Alchemix rugpull remuneration, and Aave v. 2.5! June 16-23
Andrew Thurman
An assertion of property rights on the part of a DAO could be healthy for decentralized finance — another sign that DeFi is maturing.
DAOs prepare to face off: Would vigorous IP battles be good for DeFi?
Andrew Singer
With privacy tools that completely obfuscate transactions, a seven-year-old blockchain is moving its liquidity to decentralized exchanges.
Decentralized privacy protocol launches yield farming to shift liquidity to DeFi
Connor Sephton
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 blo...
Advanced NFT’s ‘art legos’ will give tokens interactivity and long-lasting utility
Connor Sephton
In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit.
Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall
Andrew Thurman
Which takes precedence: the open-source ethos of DeFi, or the natural right to protect the fruits of your intellectual labor?
DAOs in court? Curve Finance ponders enforcing license over rival Saddle
Andrew Thurman
A new decentralized autonomous organization, BitDAO, announced its launch with a $230 million private sale and major contributions from Singapore-based Bybit.
New DAO launches after $230M funding round including Peter Thiel, Alan Howard
Helen Partz

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