This Week in DAOs + Web3 - Jul 2, 2024
A roundup of the most exciting developments in DAOs and web3.
Highlights
🗽 The Verdict is In - The US Securities and Exchange Commission has formally dropped its investigation into the Ethereum blockchain ecosystem. To the moon!
🧱 Team Safety - Blockchain security auditor Hacken will serve as the technical due diligence partner to Cointelegraph Acceleration.
🚨 Fake News Police? - Fox Corporation has developed Verify, a blockchain-based verification protocol that records the provenance and ownership (but not the veracity) of online content on Polygon.
World Wide Web3
🏎️ Speed Machine - Engine performance data of a McLaren Artura GT4 supercar will be logged on the blockchain for real-time analysis during the Circuit de Spa-Francorchamps.
📡 TeleMining - T-Mobile Deutsche Telekom will start mining Bitcoin, expanding its cryptocurrency-based activities.
🎓 Web3 Ed - National Taipei University of Technology and cryptocurrency firm Tether are partnering to boost blockchain and digital asset education.
🇰🇷 NFT Regulation - South Korea’s Financial Services Commission issued guidelines clarifying when nonfungible tokens can be treated as virtual assets.
🇵🇪 Unbanked Onchain - The Central Reserve Bank of Peru introduced a cutting-edge payment system modeled after India’s unified payment interface.
🇦🇺 Aussie Talk - Parliament Member Andrew Charlton says blockchain technology could add $60B to the economy and reverse stagnating productivity growth.
🇨🇭 Swiss Center - Storm Partners launched a web3 innovation sandbox to bolster mass blockchain adoption and elevate web3 innovation in Geneva.
🍔 McMetaverse - McDonald’s launched the “My Happy Place” metaverse in Singapore, where locals can build virtual burgers, envision future restaurant designs, and participate in daily contests for real-life prizes.
Show Me the Money
🤑 Good Things Come in Threes - Venture capital firm Paradigm has raised their third fund - $850M - for early-stage cryptocurrency and blockchain-based projects.
💰 Grants for Growth - Polygon launched a $720M community treasury dedicated to supporting blockchain projects within the Polygon and Ethereum ecosystems.
💸 ZK Hub - Manta, a layer-2 modular network for zero-knowledge applications, has established a $50M ecosystem fund to accelerate development on its blockchain.
⛓️ Building Blocks - NEAR Foundation, the non-profit steward of the NEAR blockchain, formed Nuffle Labs with $13M to advance NEAR's modularity with more decentralized development.
🎵 Democratizing Music - Music platform Stage raised $2.4M in a funding round, supported by RR2 Capital and Moonrock Ventures, among others, to build a community and model that empowers and enriches both artists and fans.
Watch Listen Learn
📹 Connection - In Building the Web3 Equivalent of Twitch from the Crypto Sapiens podcast, founder Grace Guan shares how Unlonely is reshaping human connections and interactive experiences.
🦜 Empowering - In Catalyzing the Next Generation, the Crypto Altruism podcast’s Drew Simon speaks with Monica Talan, of Cryptoconexión and WAGMI LatAm, about web3’s potential to create economic and social inclusion in Latin America.
📳 DePIN - In Catalyst for Mass Adoption from Cointelegraph’s The Agenda, Markus Levin, co-founder of XYO, discusses DePIN: why it can improve AI and how it will play an important role in the mass adoption of web3.
Coming Up in Web3
🇹🇷 July 4-7: Blockchain World Expo, Istanbul
🇧🇪 July 8-11: Ethereum Community Conference, Brussels
🇲🇾 July 31-August 1: Malaysia Blockchain Week, Kuala Lumpur
🏴 August 1-2: BlockStart, Glasgow
🇮🇳 August 3: India Tour Blockchain, Mumbai
🇰🇷 September 1-7: Korea Blockchain Week, Seoul
🇦🇿 September 10-12: Chain Reaction, Baku, Azerbaijan
🇪🇸 September 25-26: European Blockchain Convention, Barcelona
🌶 September 26-28: MCON III, Detroit, MI
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