This Week in DAOs + Web3 - Apr 11, 2024
A roundup of the most exciting developments in DAOs and web3.
Highlights
❤️ Giving - The Giving Block, facilitator of cryptocurrency-based philanthropy, reports growing cryptocurrency adoption in the charity space, with over half of the top 100 charities in the United States now accepting crypto donations.
💽 Data for Dollars - San Francisco-based startup Vana has introduced the Reddit Data DAO, which empowers Reddit users to monetize their personal data.
🔍 CryptoSearch - Google has expanded its features to allow users to search wallet balances across multiple blockchains.
🛡️ Security Force - The National Institute of Standards and Technology awarded $3.6M in cooperative agreements to build a workforce against cybersecurity risks.
🌐 Key Tech - Panasonic and Jasmy have rolled out a platform for connecting personal data on the Internet of Things.
🏦 Growing So Fast - The SWIFT messaging network released the results of the second phase of sandbox testing for its CBDC interlinking solution.
🥷 Happy Ending - It only took eight hours for the Munchables hacker — a Munchables developer — to return $62.8M of Ether.
World Wide Web3
🎓 MetaEdu - Information Technology University of Lahore has launched the nation’s first virtual reality-based classes in the metaverse.
🌏 Agorá - The Bank for International Settlements has teamed up with seven central banks to explore potential benefits from tokenization of cross-border payments.
🇨🇳 Belt Loosening - The Chinese government, with Conflux Network, has launched a public blockchain infrastructure platform for cross-border applications.
🇮🇩 Pre-Screening - Indonesia’s Financial Services Authority will require crypto firms to undergo evaluation in a regulatory sandbox before beginning operations.
🇦🇷 On the Level - Argentina’s government has begun implementing requirements for the legal operation of cryptocurrency exchanges.
🇰🇷 New Rule - New guidelines from South Korean financial authorities will impose tighter regulations on token listings on centralized crypto exchanges.
Show Me the Money
🧠 Infinitely and Beyond - Web3 modular infrastructure firm 0G Labs received $35M in pre-seed funding, from Hack VC and others, to create a full-stack blockchain-based solution for AI models.
🏦 DeFi Plus - Ellipsis Labs, the developers behind Phoenix, received $20M in a Series A round led by Paradigm to build DeFi products that eclipse those found in the traditional finance world.
🧱 EoT - Layer-1 platform peaq, which aims to incentivize real world physical infrastructure development through distributed control built on Decentralized Physical Infrastructure Networks (DePINs), received $15M in funding led by Generative Ventures and Borderless Capital.
🤖 U Chatbot2 - Web3-enabled AI platform MyShell raised $11M in a Pre-Series A round that included Dragonfly and Delphi Ventures to develop its open-source foundational model.
₿ BOB the Building Platform - BOB, a hybrid layer-2 network connected to the Bitcoin blockchain, featuring Ethereum compatibility, raised $10M in seed funding led by Castle Island Ventures.
Listen + Learn
🪙 RWA - In Real World Asset Tokenization from Cointelegraph’s Hashing It Out, John Mullin, CEO of Mantra Chain, explains what tokenization means for web3 adoption, highlighting the state of regulations in the RWA space and its consequences for web3.
🐠 Web3forGood - In the Web3 Warriors podcast, Jeff Zavala, founder of Coralverse, discusses using the blockchain and metaverse to support ocean conservation and how blockchain technology can track data around sustainability.
👩💻 Community Chest - In Onchain Alpha from Crypto Sapiens, Open Source Observer’s Carl Cervone discusses the importance of funding open-source projects and the cultural emergence of funding public goods in the web3 ecosystem.
Coming Up in Web3
🗼 Apr 8-12: Paris Blockchain Week
🌴 Apr 15-16: Blockchain Life 2024, Dubai
🏜️ Apr 20-21: Arts DAO Fest 2.0, Dubai
🇦🇪 Apr 20-21: Blockchain Universe Summit, Dubai
🥨 May 15-16: Conf3rence, Dortmund
🇭🇷 May 27-30: BlockSplit, Split, Croatia
🌵 May 29-31: Consensus, Austin
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