This Week in DAOs + Web3 - Nov 16, 2023
A roundup of the most exciting developments in DAOs and web3.
Highlights
🔮 Shaping Web3 - Play a role fostering and focusing web3 innovation by participating in Gitcoin Grants round 19, open until Nov. 29.
🏦 Digital Vault - Global banking giant HSBC, in collaboration with Metaco, will launch a custody service for digital assets for institutional clients.
🛍️ Brick and Mortar Crypto - Singapore-based dtcpay is launching a payment system that allows in-store and online merchants to accept both fiat and cryptocurrency.
🏰 Web3 Study - The Institute of Crypto-Assets, focused on blockchain technology and cryptocurrency research, officially opened at the Pôle Léonard de Vinci in Paris.
Government’s Response
⛔️ Kill Switch - European Parliament members approved the Data Act, which contains a controversial clause that could make most smart contracts unlawful.
⚖️ Regulatory Embrace - Abu Dhabi Global Market unveiled a regulatory framework for the operation of DAOs and other entities built on distributed ledger technology.
🇨🇳 NFT Protection - The Chinese government issued an official commentary on NFT theft and the status of NFTs as virtual property protected by law.
👩🎓 Web3 Literacy - The Nigerian government aims to improve the lives of youngsters by introducing Code Clubs that provide coding and digital technology knowledge.
Funding Growth
💸 More Startups - Lightspeed Venture Partners and Faction are launching Lightspeed Faction, a $285M fund focused on early-stage blockchain projects.
🏯 Block Support - Standard Chartered Ventures and Japanese financial services firm SBI Holdings have partnered to form a $100M crypto-focused investment firm.
🌌 Scaling - Polygon launched an $85M grants program supporting work in social media, decentralized finance, gaming, and more, to spur ecosystem development.
🇻🇳 Asian Growth - Vietnamese web3 coalition, Ninety Eight, launched a $25M ecosystem fund to accelerate web3 startups in Asia.
⛓️ The Interchain - Interop Ventures’ first fund will focus on developing the Cosmos ecosystem. Investors in the $3.8M fund include KR1 and LBank Labs,
💰 Side Grant - IOVLabs is committing $2.5M to help develop Bitcoin sidechain Rootstock. Solutions are being accepted now.
Listen + Learn
🎉 Web3 Perspective - In Demystifying NFT Winter and the Future of Blockchain from the Web3 with Sam Kamami podcast, Tama Churchouse, COO of Cumberland Labs, discuss how NFTs and the web3 ecosystem are evolving with new regulations, opportunities, and challenges.
🖼️ Biochain - In Leveraging Blockchain and Art, the Crypto Altruism podcast’s Drew Simon speaks with Liam Scully, Co-Founder of Maya Spirits, about web3’s role in preserving Mexico’s largest biosphere.
Coming Up in Web3
🌷 November 13-17: Dutch Blockchain Week
🇹🇷 November 13-17: LabWeek23 Istanbul
🕌 November 13-19: Devconnect Istanbul
💸 November 15-29: Gitcoin Grants 19
🏴 November 30-December 1: Blockchain Expo London
🇵🇹 November 30-December 1: Madeira Blockchain Conference
🍻 December 4-5: Next Block Expo Berlin
🕉️ December 4-10: India Blockchain Week Bangalore
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