This week in DAOs - Oct 20, 2022

A roundup of the most exciting developments in the DAO space.

Oct 20, 2022

🎙 In the latest episode of DAO or Never Logos co-founders Geoffrey Arone and Isaac Patka discuss DAOs transforming traditional industries; share highlights from Devcon Bogota; explain the power of Public Nouns; and provide insight into the latest high-profile hack. After you’ve listened, check out the latest version of logos.xyz. Available on Apple and Spotify

Highlights

🔥 Fireproofing Web3. An application to help people avoid cryptocurrency scams has arrived. Chrome’s Fire extension works by catching signature requests from your browser, running a simulation, and showing you the results before you sign the transaction. Those who sign up for early access will receive NFTs.

⚖️ The Business of DAOs. As DAOs grow in popularity, many seek to understand the legality of how DAOs conduct business. Structuring businesses as DAOs is nascent and requires thoughtful consideration when it comes to choosing a jurisdiction and legal structure.

🌡️ #web3forgood. Climate change and web3 can, and should, go hand in hand. All for Climate DAO is building a 21st-century movement of citizens taking action to address earth’s social and ecological crises. Meet the DAO’s co-founders, Leen and Xavier, in this interview.

👮‍♀️ Police Accountability via the Blockchain. Polygon co-founder Sandeep Nailwal shared that Firozabad police are employing the Polygon blockchain protocol in Uttar Pradesh to combat local police corruption and crime by allowing immutable complaints and transparency.

₿ Web2 adopts Web3. After a long anti-crypto stance, Google is partnering with Coinbase to allow payments using cryptocurrency. Additionally, Google has started providing data on Ethereum via its search engine.

🐒 SEC Monkey Business. The U.S. Securities and Exchange Commission (SEC) is investigating whether popular NFT collections – such as Bored Ape Yacht Club and ApeCoin – should be regulated as securities. Will Yuga Labs take a hit from the SEC?

🔒 Defending Web3. The blockchain sector – including web3, crypto, and DAOs – takes a hit with every exploit or hack. It is critical that we proactively prevent repeat performances. Bridges are essential but vulnerable pieces of web3 infrastructure that cannot currently be avoided. Find details on prevention and defending ourselves from bridge exploits here. For an inside view of a hack, see Isaac Patka’s Devcon talk on Exploiting Inattention and Optimism in DAOs.

🎩 Forbes Blockchain 50. Forbes is compiling its 2023 list of best blockchain companies and your input is invited. Eligible companies must use blockchain technology in a meaningful way and have a track record of trust valued at $1 billion or more, or generate at least $1 billion in annual revenue. Recognize the best on the blockchain by completing this form before Nov. 4.

Tools for DAOs

🥅 Keeping Goals in Sight. DAOs require innovative ways to visualize and run operations. Since people may rotate and randomly choose tasks within a DAO, tracking owners, progress, and goals can be challenging. Sobol allows DAOs to map their current structure to get a clear view of owners and tasks, capturing individual accountability and opportunities for cross-team collaboration.

💵 Treasury Management. Coinshift simplifies treasury management by providing efficient multisig tooling for DAOs and cryptocurrency organizations. Coinshift, powered by Gnosis, addresses core elements of treasury management, including cash, assets, risk, and reporting. Have you tried Coinshift for your DAO?

Show Me the Money

🚀 Blockchain Momentum. Congrats to Tatum on your $41.5 million round from Octopus Ventures, Circle, Evolution Equity Partners, and others. Tatum offers a fast and flexible platform from which developers can quickly turn their web3 ideas into apps, tools, and reality.

🪪 Interoperable Identity. Congrats to Zerion on your $12 million series B round led by Wintermute Ventures. The web3 wallet company is leveraging advanced data and intuitive design in pursuit of a seamless data and identity experience across web3 applications.

🛍 Fashion Games. Congrats to Muus Collective on your $5 million seed round led by Griffin Gaming Partners. Muus Collective, a female-founded fashion-centric entertainment studio, is preparing to launch its inaugural web3-enabled, play-and-earn, mobile game.

Deadlines and Events

🇺🇸 October 22: Web3SD
🇵🇦 October 26 - 28: ETH.Panama
🖥 November 3: DAO Ops (online)
🌁 November 4 - 6: ETHSanFrancisco
🇵🇭 November 14 - 18: Philippine Web3 Festival
🌏 All Over, Often: ETHGlobal

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