Karate Combat’s DAO will be launched as part of a three-year sponsorship deal with Hedera’s HBAR Foundation, expected to go live in December 2022.
Governance Token News
Governance tokens are a particular category of crypto tokens used to allocate voting powers to selected users of a blockchain project and are provided in proportion to the contribution done, either in terms of invested capital or computing power. While governance tokens can usually be traded just like any other crypto token, their core function lies in enabling their holders to participate and vote in matters pertaining to the functioning of the blockchain project, thereby determining its future course of development.
Used by decentralized autonomous organizations (DAOs) to facilitate decision-making, governance tokens have more intrinsic value than other types of native tokens for a blockchain project. These tokens can be ascribed a higher valuation considering that they provide the holders with voting rights and therefore differ from other cryptocurrencies used as mere mediums for transacting, financial speculation or as a store of value. Governance token holders together deliberate on matters such as adding new features, deciding whether hard forks are needed, or even changing the governance mechanism altogether, among other blockchain decision-making.
The foundation aims to streamline Uniswap’s grants program and “reinvigorate governance.”3983
Mobile game developer Com2uS is stepping up its Web3 game with the launch of its own blockchain to emphasize the needs of next-generation gamers.1488
Ishan Wahi is accused of divulging confidential information about future listings at Coinbase to his brother and an associate in a case that has attracted the SEC’s attention.2258
LDO price is up roughly 30% over the past day, gaining approximately 500% since mid-June.3040
The altcoins that were stolen in the Nomad bridge hack suffered as much as a 94% decline in price after the exploit.3704
Hundreds of potential exploiters, and even some white hat do-gooders who intend to return funds, appear to have removed all of the bridge’s $190 million in TVL in just a matter of hours.20195