This Week in DAOs + Web3 - Feb 1, 2024
A roundup of the most exciting developments in DAOs and web3.
Highlights
🏎️ Speed - Crypto exchange OKX expanded its partnership with the McLaren Formula 1 team, securing branding space on McLaren’s F1 race cars for the 2024 season.
📈 Engagement - Blockchain analytics platform DappRadar reports that the number of unique active wallets engaged with web3 apps increased by 124% in 2023.
🌳 Greening - Bitcoin mining is the highest user of sustainable energy (54.5%) across multiple subsectors, achieving a 3.6% increase in sustainable mining in 2023.
🔔 Following - Web3 developer WalletConnect launched Web3Inbox, a notification app for followers of blockchain projects that doesn’t require a telephone number, email address, or being linked to social media.
📉 Go Low - The newest upgrade to the Ethereum network, codenamed “Dencun,” went live, lowering the transaction costs on Ethereum layer 2 solutions.
🌩️ Adoption - Google Cloud joined the Flare blockchain as a validator and infrastructure provider. Flare gives developers access to decentralized data via its Oracle system.
₿ Bitcoin ETF - The U.S. Securities and Exchange Commission officially approved the United States’ first regulated spot Bitcoin exchange-traded funds (ETFs).
World Wide Web3
🌏 Expansion - Dell Technologies expanded its global loyalty program to Japan with OORT, a leading AI-focused decentralized cloud service, by offering OORT Storage to Dell's customers.
🇨🇭 Tokenization - Swiss financial regulator FINMA authorized crypto custody specialist Taurus to offer blockchain-based shares in unlisted companies to retail investors, bringing tokenized securities to the masses.
💸 Ciao - Italian startup BlockInvest is addressing the real-world distressed credit market by tokenizing non-performing loans and asset-backed securities.
Show Me the Money
🤡 Social Disruption - Focus, a decentralized SocialFi app by DeSo that enables anonymous crypto-enabled monetization mechanics, raised $20M in under 24 hours.
🌱 Seed Support - Waveslab Ventures revealed its $15M fund earmarked to nurture the next generation of disruptive blockchain startups.
🤼♀️ Feminine Energy - Crypto exchange Bitget is allocating $10M to invest in women-led startups in the web3 and blockchain industry.
🚪 Easier Access - Root Protocol, a digital identity service aiming to enhance access to web3 platforms, has raised $10M across two seed rounds led by Animoca Brands.
🤖 AI Layer - Web3 data analytics company 0xScope completed a $5M pre-Series A round led by HashKey Capital, to unveil 0xScope V2 and launch its web3-based AI chatbot Scopechat.
Listen + Learn
🚧 Digital Identity - In Why You Need a Web3 Domain from Cointelegraph’s The Agenda Podcast, Unstoppable Domains COO Sandy Carter explains how web3 domains work and why they can help small businesses, creators, and others.
💹 Token Outlook - In a recent episode of the Web3 Warriors podcast, David Koroma looks at the state of web3 in 2024 while covering blockchain, the NFT Market, Metaverse, and mainstream adoption of Tokenization.
Coming Up in DAOs and Web3
🏯 Feb 6-7: DAO UTokyo
🦓 Feb 14-15: Africa Tech Summit, Nairobi
🏔️ Feb 23-Mar 3: ETH Denver
🗽 Apr 3-5: NFT NYC
🐉 Apr 4-9: Hong Kong Web3 Festival
🗼 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
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