Decentralized autonomous organizations suffer from a lack of oversight. Companies and founders should take that into account in their planning.
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Category: Decentralized Autonomous Organizations
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Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund
The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support blockchain startups on the continent. While global blockchain funding has been on a decline over the past year, Echovc founder Eghosa Omoigui claimed that investing now enables the VC to get in “at lower entry valuations on average than in […]Powered by WPeMatico
UK Law Commission Seeks Evidence on DAOs — Expert Says ‘New Legal Forms Are Required’
The United Kingdom Law Commission recently asked experts and users to participate in a ten-week exercise whose objective is to help the commission better understand how decentralized autonomous organizations (DAOs) operate. A blockchain expert says the commission’s call shows that the U.K. is “leading the way in thinking and developing the law and other institutions […]Powered by WPeMatico
DAOs need checks and balances to have better governance
Decentralized autonomous organizations would benefit from greater checks and balances that prevent influential minorities from seizing control.
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DAOs will never work without fixing governance
Decentralized autonomous organizations have too many attack vectors that affect important projects. That needs to change for them to become practical governance models.
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Ethereum Community Conference 5: How can DAOs combat hostile takeovers?
Web3 advisor Hilary Kivitz discussed countermeasures that DAOs can employ against hostile takeovers during her talk at the EthCC 5.
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Decentralized Autonomous Organization Statistics Show $10 Billion Is Held by DAO Treasuries
During the early years of the cryptocurrency space, decentralized autonomous organizations (DAOs) and smart contracts were discussed in theory. Nowadays many people consider The DAO, launched in 2016 by members of the Slock.it development team, to be the first smart contract-based DAO. In 2022, there’s a lot more DAOs, as statistics show that $10 billion […]Powered by WPeMatico
The Republic of the Marshall Islands Allows Registration of DAOs as Legal Entities
The Republic of the Marshall Islands has announced it will allow decentralized autonomous organizations (DAOs) to become legal entities. At the time of writing, only one DAO has successfully incorporated in the country. DAOs Will Be Allowed to Register as Legal Entities The Republic of the Marshall Islands (RMI) has said it will allow decentralized […]Powered by WPeMatico
Gas DAO Project Forms to Airdrop Tokens to Ethereum Users That Spent $1,559 in Fees
A new type of airdrop has been very popular during the last quarter of 2021 as quickly assembled decentralized autonomous organizations (DAOs) have been distributing lots of value to existing crypto users. Just recently, Opendao gave Opensea users an airdrop and many people accrued thousands of dollars in SOS tokens. Now, another project called Gas […]Powered by WPeMatico
PrimeDAO raises $2M to build cooperative platform for DAOs
PrimeDAO has raised $2 million from DeFi funds that share its vision for a collaborative platform enabling cooperation between decentralized autonomous organizations.
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