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.
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.
In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit.2238
Which takes precedence: the open-source ethos of DeFi, or the natural right to protect the fruits of your intellectual labor?2274
A new decentralized autonomous organization, BitDAO, announced its launch with a $230 million private sale and major contributions from Singapore-based Bybit.13597
Alchemix and Yearn.Finance appear to be squaring off with Curve and PoolTogether, but for now there are harmonious solutions.7501
Data analytics website, DeepDAO, has secured $3 million from notable investors to expand its data suite for tracking decentralized autonomous organizations.7580
Multiple parties added capital to Endaoment, which aims to turn its ecosystem into a decentralized autonomous organization for donations — a charity for the people.10858
Both Yearn and Convex rely heavily on Curve, but that doesn't necessarily mean the two are in competition.16363
DeFi projects are starting to get creative with their outreach and marketing strategies.5233
The community-governed museum is toying with new economic models amid a period of uncertainty for art institutions.13703
The idea of a decentralized government, formed by competing decentralized parties, would be a generational landmark in human evolution.13145
Calling NFT marketplaces too centralized and not interoperable, a new decentralized peer-to-peer project wants to make it easier to sell art.8080
The billionaire is bullish on DAO participation, networks with real usage, and mass adoption on the horizon.58087
Open DeFi’s new DAO will be community-governed through a governance token.11025
The grassroots movement is dedicated to “rooting out corruption” with its latest exchange-traded portfolio and token offerings.21717