This Week in DAOs + Web3 - Aug 29, 2024
A roundup of the most exciting developments in DAOs and web3.
Highlights
📈 Traction - Web3-based startups raised over $1.1B from venture capitalists across 118 deals in July this year, according to Rootdata.
🤐 AnonyDAO - Amir Taaki has unveiled the world's first fully anonymous on-chain DAO with a mission to defend freedom.
✈️ Efficiency - Study finds that airlines can save up to 7% in overall cargo handling operations using blockchain-based supply chain management solutions.
🦊 Adoption - MetaMask is rolling out a blockchain-based debit card developed with payments giant Mastercard and cryptocurrency payments specialist Baanx.
⚖️ BTC+GOV? - US Senator Cynthia Lummis of Wyoming introduced the Bitcoin Strategic Reserve bill directing the US government to establish a national reserve of the asset.
🖼️ OG NFTs - Fine art and luxury objects auction house, Sotheby’s, featured a CryptoPunk and Beeple NFT at this month’s Digital Art Day Sale.
🏆 Web3 Winners - Web3 security and compliance solution, Shield3, can be found in a range of apps, securing the realms of generative NFTs, decentralized betting, and fiat ramps, after sponsoring the Onchain Summer Buildathon.
World Wide Web3
🧿 High Tech and Personal - The Malaysian government plans to incorporate controversial Worldcoin technology into its digital infrastructure, focusing on proof of humanness in the age of AI.
🇧🇷 First Mover - The first Solana spot exchange-traded fund (ETF) could debut for trading on the Brazilian stock exchange, ahead of all the other global jurisdictions.
🦁 Tokenization - Nigeria’s Lagos state government plans to tokenize real estate, leveraging blockchain technology while enhancing transparency, efficiency, and transferability.
💰 Crypto is Cash - The Dubai Court of First Instance now recognizes salary payments in crypto as valid under employment contracts.
Show Me the Money
⛓️💥 On-chain - Chaos Labs, a web3 startup known for risk management tools, raised $55M in a Series A led by Haun Ventures to advance its DeFi platform and technology.
🏜️ Block + AI - Decentralized platform Sahara AI raised $43M in funding, led by Pantera Capital, to develop an AI and blockchain-based collaborative economy.
👐 Open Sesame - The Open Network launched a $40M fund - TON Ventures - to support Telegram’s ecosystem development.
👏🏼 Scalability - Blockchain project Essential raised $11M in Series A funding led by Archetype to advance declarative, intent-based, blockchain technology.
💽 DeStorage - Rivalz Network raised $9M to accelerate development, expansion, and enhancement of its AI-driven decentralized infrastructure.
Listen + Learn
🤑 BlockFi - In RWA Tokenization from Cointelegraph’s The Agenda, Ramon Recureo, co-founder and CEO of Kinto, explains how tokenized real-world assets create new opportunities, including blockchain integration into the financial industry.
🫀 Proof of Humanity - In Navigating Web3 Hiring from Cointelegraph’s Hashing It Out, Pedro Oliveira of Talent Protocol discusses the current state of builders in web3, on-chain reputation systems, the challenges of hiring in this evolving space, and more.
🪸 Net Zero Infrastructure - In DePIN for Renewable Energy on the Crypto Altruism podcast, Drew Simon speaks with Leo Lin of Arkreen about a web3-powered infrastructure network for global distributed renewable energy resources.
💥 Impact Junkies - In Network for Communities from the Crypto Sapiens podcast, Bloom Network co-founder Magenta Ceiba discusses connecting grassroots communities and movements focused on social and environmental impact.
Coming Up in Web3
🇰🇷 September 1-7: Korea Blockchain Week, Seoul
🇦🇿 September 10-12: Chain Reaction, Baku, Azerbaijan
🏢 September 18-19: TOKEN2049, Singapore
🇪🇸 September 25-26: European Blockchain Convention, Barcelona
🌶 September 26-28: MCON III, Detroit, MI
🥘 October 8-10: Merge Madrid, Spain
🌴 October 13-16: Future Blockchain Summit, Dubai
🪷 October 19: India Blockchain Summit, New Delhi
Do you have something that belongs in the DAO Weekly Roundup? Let us know at hello@logos.xyz.