This Week in DAOs + Web3 - Aug 10, 2023

A roundup of the most exciting developments in DAOs and web3.

Highlights

🪙 PYUSD Rollout - PayPal launched a U.S. dollar stablecoin, offering the ability to make payments and transfers using digital currency to web3-specific environments, and beyond.

💲 For Creators - NFT minting platform Zora is updating its revenue split model to put more money into creators' pockets. Now, creators can financially benefit from their work even when offering free mints.

🏺 Heritage - Scientists have developed a web3-based verification-as-a-service model for determining and recording the authenticity and provenance of cultural artifacts.

🙋‍♀️ 360° Review - Illuvium DAO will establish a new peer and self-evaluation mechanism to enhance transparency and accountability among council members.

🏎️ NFT1 - Formula One team Williams Racing, in partnership with crypto exchange Kraken, will place NFTs on the back of the team’s cars competing in the U.S. Grand Prix this October.

🌊 Liquid Gains - SushiSwap DAO approved a proposal to partner with DWF Labs to enhance liquidity and trading volumes.

World Wide Web3

🌳 Green Pioneers - KYOTO planted 1M trees ahead of its launch as part of its pledge to become the world’s most sustainable blockchain in Regenerative Finance.

🇵🇭 CBDC Philippines - The Digital Dollar Project completed a pilot study of cross-border remittance payments using CBDC, the result of a partnership between Western Union and BDO Unibank.

🌴 Transparent Neutrality - The UAE Ministry of Climate Change and Environment, Industrial Innovation Group LLC, and Venom Foundation will established the world's first national system for managing carbon credits using blockchain technology. The project complements the UAE’s goal of achieving carbon neutrality by 2050.

₿ Crypto Cross - Humanitarian aid and community services charity Singapore Red Cross now accepts donations in the form of cryptocurrency.

First Stops for Funding

💰 Bear Market Investors - L1 Digital AG, a Zurich-based investment advisor, has raised $152M for its second venture capital fund, to be focused on cryptocurrency startups (70%) and crypto-focused investment firms (30%).

💵 Innovation Acceleration - The Monetary Authority of Singapore’s is committing $112M to support various financial technology solutions, including web3, to accelerate and strengthen innovation in the country.

💸 Fund Ready - Futureverse co-founders have launched Born Ready, a $50M venture fund and studio focused on early-stage web3 and metaverse technology investments. 

Coming Up in DAOs and Web3

👭 August 15-16: ETHWomen Hackathon, Toronto
🇨🇦 August 15-16: Blockchain Futurist Conference
🇭🇷 August 16-18: Metafest, Croatia
🇹🇷 August 21-25: Istanbul Blockchain Week
🇮🇩 August 24-25: Coinfest Asia
🇩🇰 September 6-7: Nordic Blockchain Conference

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