This Week in DAOs + Web3 - Jul 30, 2024
A roundup of the most exciting developments in DAOs and web3.
Highlights
🚀 To the Moon - According to DappRadar, the number of users using web3 applications reached a record high in the second quarter.
⛓️ No-Code Launchpad - BVM Studio aims to make blockchain technology more accessible with a no-code solution that simplifies blockchain deployment.
🪖 Defense - The US Senate Committee on Armed Services directed the Secretary of Defense to explore blockchain technology for national security applications.
🖼️ Bridging Past and Future - The Toledo Museum of Art’s year-long exhibition of Ethiopian art throughout the ages will be capped by a grand finale featuring NFTs by Ethiopian art collective Yatreda.
World Wide Web3
💡 Web3 Trending - The International Association for Trusted Blockchain Applications released a trend report showing EU blockchain projects taking on ‘practical’ applications.
⚽️ Goal! - Crypto exchange Kraken signed sleeve sponsorship deals with Tottenham Hotspur FC of England’s Premier League Atlético de Madrid of Spain’s La Liga.
🌱 Semilla - Outlier Ventures and Morgan Creek Digital have partnered to launch a web3 LATAM base camp accelerator program. Select teams will receive up to $200,000 in investment funding and mentorship.
🇬🇧 Not Special - A scoping paper published by the UK Law Commission argues that DAOs do not warrant separate legal oversight and should be accommodated within existing financial regulations and tax frameworks.
🇦🇪 On-chain Solution - Dubai Customs will launch a blockchain platform to improve efficiency and transparency within Dubai and for cross-border transactions.
🎧 Shakin’ My Hidden Message - CarnationFM, facilitating the transport of hidden audio messages, won accolades for its Social Impact potential at last ETHBerlin event.
🇮🇹 Goin’ Digital - Italy's top banks completed a digital bond issuance using blockchain rails, the first such transaction under the country's new digital asset rules.
👮 Security - South Korea’s Financial Supervisory Service has launched a continuous monitoring system that requires exchanges to report suspicious crypto transactions to authorities.
Show Me the Money
💰 Money Bags - Morgan Creek Digital plan to raise up to $500M for a new fund targeting early stage opportunities in AI, blockchain technologies, chips, and data.
🏦 Interbank Solution - Blockchain payment network and institutional joint venture, Partior, raised a $60M Series B led by Peak XV Partners to expand its capabilities in foreign-exchange swaps and cross-currency repurchases.
🐼 Bear Market - DWF Labs, web3 investor and market maker, has launched a $20M Fund to support web3 projects and founders in Chinese-speaking regions.
📊 Data Brokers - Allium Labs, provider of enterprise-grade blockchain data, raised $16.5M in a Series A led by Theory Ventures to continue fostering the institutional embrace of digital assets.
🦉 Advanced Infrastructure - RedStone Oracles, a modular blockchain oracle solution providing gas fee-optimized price feeds for Ethereum Virtual Machine and rollup-as-a-service networks, completed a $15M Series A led by Arrington Capital.
Listen + Learn
⛲ Crypto for Good - In DeFi Credit Unions from Cointelegraph’s The Agenda, John Wingate of BankSocial and Azeem Khan of Morph, discuss the ways blockchain and crypto can be used to financially empower people and improve the world.
🌞 Everyone’s a Winner - Drew Simon of the Crypto Altruism podcast and Nico Gallardo of LottoPGF discuss the power of permissionless lotteries to unify degens and regens and disrupt traditional public goods funding.
💸 Empowerment - In Impact Maker from the Crypto Sapiens podcast, GoodDollar co-founder Anna Stone discusses enabling universal basic income through blockchain technology, web3, and crypto.
Coming Up in Web3
🇲🇾 July 31-August 1: Malaysia Blockchain Week, Kuala Lumpur
🏴 August 1-2: BlockStart, Glasgow
🇮🇳 August 3: India Tour Blockchain, Mumbai
🎎 August 21-22: DAO Tokyo, Japan
🇰🇷 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
🥘 October 8-10: Merge Madrid, Spain
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