This Week in DAOs + Web3 - Oct 19, 2023
A roundup of the most exciting developments in DAOs and web3.
Highlights
🚧 Fractured Vision - Following disagreements over the DAO’s spending habits Nouns DAO, an exemplar of being present in both the digital and physical worlds, forked last month. After a proposal to expedite/incentivize spending its treasury, the DAO forked again.
🐎 Crypto Accepted Here - Ferrari will accept cryptocurrency payments for its luxury sports cars in the United States, with plans to extend the opportunity to Europe.
🏦 Institutional FinTech - JPMorgan completed its first live blockchain-based collateral settlement transaction with BlackRock and Barclays.
🎮 Gaming Evolution - Web3 gaming platform, Immutable, announced its partnership with industry giant AWS to expand opportunities for game developers.
🚨 Security Alert - Cybercriminals have created a new way to spread malware by manipulating BNB Smart Chain smart contracts to disseminate malicious code.
World Wide Web3
🪙 Adoption On-Ramp? - Roblox, an online game platform with over 200 million monthly active users, now accepts Ripple (XRP) as a payment method. Of note: 60% of Roblox’s 2022 global audience was under 17 years of age.
💱 Cross-Border Remittance - Circle, an issuer of stablecoin USDC, increased its presence in the Philippines, partnering with Coins.ph to help Filipinos pay less for cross-border money transfers.
🇮🇩 Government Led - Following the launch of a government-backed crypto exchange, Indonesia will explore public service applications for blockchain technology.
🇧🇷 Tokenization - Brazil's Securities and Exchange Commission, after having tokenized roughly $36 million in assets, plans to launch a second regulatory sandbox program exploring use cases of tokenization.
📜 Lukewarm Welcome - European Central Bank’s Occasional Paper suggests DAOs need a comprehensive regulatory framework to have a place in the financial sector.
🇪🇺 Warmer Welcome - A new European Union pilot - facilitated by relaxed laws - to allow securities trades based on distributed ledger technology has arrived.
🌴 Warmest Welcome - The Regional Government of Madeira has announced plans to create a Bitcoin business hub to drive regional innovation. But why stop at BTC?
Show Me the Money
🌐 Web3 Infra - Institutionally-focused fintech platform Membrane Labs raised $20M in a Series A round, with participation from Brevan Howard Digital and Point72 Ventures, to expand its suite of solutions.
🏦 A Better Wallet - Account Labs, which aims to address web3 weaknesses with a more secure, user-friendly web3 wallet, has secured $7.7M in funding co-led by Amber Group to drive adoption in Asia.
🤖 AI Creator Space - MyShell, a web3-enabled AI app platform, raised $5.6M in a seed round led by INCE Capital to establish a creator ecosystem on the blockchain.
💰 Decentralized HQ - Fileverse, a decentralized file management application and collaboration service that can serve as an alternative to Google, raised $1.5M in a pre-seed round led by Gnosis Chain and Factor Capital.
Listen + Learn
🪪 Like Me for Me - In Don't Say NFT from the Crypto Sapiens podcast, host Donny Clutterbuck explores building and managing one’s reputation in the web3 landscape.
🖼️ The People’s Economy - In Calaxy - Building a Creator Economy the Crypto Altruism podcast’s Drew Simon speaks with Calaxy’s Chadd Weston about how web3 is facilitating a new era of creator monetization and fan engagement.
Coming Up in Web3
💻 October 6-27: ETHOnline
🇭🇰 October 22-24: ETHHongKong
🇪🇸 October 25-26: European Blockchain Convention Barcelona
🏴 November 2-3: Enter the Metaverse London
🇵🇹 November 7-10: NEARcon Lisbon
🇹🇷 November 13-17: LabWeek23 Istanbul
🍻 December 4-5: Next Block Expo Berlin
🕉️ December 4-10: India Blockchain Week Bangalore
Do you have something that belongs in the DAO Weekly Roundup? Let us know at hello@logos.xyz.