This Week in DAOs + Web3 - Sep 21, 2023
A roundup of the most exciting developments in DAOs and web3.
Highlights
🦅 State of Web3 - A report from the United States Blockchain Coalition shows increased traction around enterprise applications of blockchain technology and a focus on web3 exploration by over a quarter of Fortune 1000 firms.
🐠 Green BTC - Bloomberg analyst Jamie Coutts reports that the percentage of Bitcoin mining energy from renewable sources now exceeds 50%. Falling emissions are accompanied by a rising hash rate.
🔓 Easier Access - Google Cloud and Orderly Network have joined forces to create user-centric tools for decentralized finance, lowering barriers to entry for developers.
🤔 ‘zkLogin’ - Layer-1 blockchain Sui Network has simplified web3 onboarding by allowing users to sign up for Sui-powered apps through their social accounts such as Google, Facebook, and Twitch, among others.
🖥️ New Tech - QANplatform has unveiled the world's first private blockchain that is both quantum-resistant and compatible with Ethereum's EVM.
World Wide Web3
🪆 Russian DAOs - The Finance Ministry in Moscow is pushing to legalize decentralized financial organizations (DeFi DAOs) to attract capital to Russia’s regulated market for digital assets.
🔥 Gather ‘Round - Campfire, Japan’s leading crowdfunding platform, launched Livefor, a community platform utilizing AI and blockchain technology, offering users a way to explore NFTs and DAOs in the web3 realm.
🌳 The Color of Money - Dutch bank ABN AMRO has carried out a €5M digital green bond offering using Polygon’s layer-2 Ethereum scaling technology. Funds raised will be invested in environmentally beneficial initiatives or businesses.
🤝 Adoption - Singapore’s Grab super app has partnered with USDC issuer Circle to pilot a web3 wallet that allows users of the ride-hailing, food delivery, and digital payments app to use vouchers in NFT form and earn rewards and collectibles.
🕌 Halal - Islamic Coin has entered into a memorandum of understanding with CoinDesk Indices to establish ethics-first, Shariah-compliant, crypto benchmarks for the Middle East and North Africa markets. Days later, Islamic Coin launched its public Reg D Token Offering.
🪙 Tokenized Equity - The Japanese government will allow startups to raise public funds through the issuance of digital assets such as cryptocurrencies, instead of stocks.
Fund Money
👁️ Impact Fund - Crypto derivatives platform Bitget announced a $100M fund focused on investing in entities that can contribute to its ecosystem growth.
🏦 From the Vault - Thailand-based Kasikornbank has launched a $100M fund to fund artificial intelligence, web3, and fintech startups globally.
🦄 Sustainable Web3 - Unicorn Factory Ventures is creating a $50M fund to support projects from promising web3 founders to validate, launch, and scale new companies.
🚀 Fundverse - Animoca Brands announced a $20M funding round to accelerate the development of its web3 culture and entertainment platform Mocaverse.
₿ Alpha Investors - A group of blockchain investors created Alpha Protocol Ventures, a $20M fund to invest in undervalued web3 projects and companies, with priority focus on gaming and collectibles.
🖼️ Fashion Fund - Avatar startup Genies has launched a 3D design tools platform that includes a $500K digital fashion fund, giving digital creators a chance and place to create and earn.
Coming up in Web3
🌴 September 26-27: The Global Tech Innovation Summit 2023 Dubai
🇳🇱 September 26-27: Blockchain Expo Europe, Amsterdam
👙 October 4-6: Ibiza NXT 2023
🇨🇭 October 4-6: Swiss Blockchain Capital Day
🇮🇹 October 6-8: ETHRome
🇪🇸 October 25-26: European Blockchain Convention Barcelona
Do you have something that belongs in the DAO Weekly Roundup? Let us know at hello@logos.xyz.