What is it with these sly, funny, but boring looking apes that continue to make headlines? Many collectors argue that it’s less about the image itself and more about the culture, social capital and wealth the community of owners have gained from Bored Ape Yacht Club (BAYC) that give the collection its value. Amassing over $1.42 billion in total volume, the community entrusted that the creators would deliver on its promise for token emission. On March 17, BAYCs utility and governance token, ApeCoin (APE) was made eligible to claim for BAYC and Mutant Ape Yacht Club (MAYC) holders. According to …

The rise of Web3 has paved the way for new business models that could shape the next phase of the internet. For instance, nonfungible tokens (NFTs) will play a large part in the open metaverse as the underlying assets people interact with. Decentralized autonomous organizations (DAOs) are also coming to fruition to allow for community governance within virtual environments. The growth of Web3 has essentially allowed NFTs and DAOs to flourish. For example, recent data from DeepDAO — a DAO stats platform — shows that DAOs have experienced 130-times growth over the last year, reaching a market capitalization of $24.8 …

The crypto community and industry have chosen Ethereum as the chain of choice for most blockchain-based decentralized applications, but other chains may be better suited to handle the workload for decentralized autonomous organizations (DAOs). Technical advantages and cheaper transactions have yet to become a major pull factor from Ethereum Virtual Machine (EVM) chains. EVM compatibility enables a network to use Ethereum’s security features. Ethereum (ETH) and its compatible chains have a clear advantage in the number of DAOs compared to any other. They house more than 4,200 DAOs and protocols requiring governance participants according to data from blockchain voting platform …

Lawmakers in Australia want to regulate decentralized autonomous organizations (DAOs). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions. On March 21, 2022, during Blockchain Week Australia, Australian Senator Andrew Bragg made a few interesting statements, one of which was about the intention of lawmakers to introduce regulations for decentralized autonomous organizations. Per se, it is not new, as the Australian Senate Committee led by Senator Bragg recommended in October 2021 that decentralized autonomous organizations be brought under the fold of the Corporations Act, which provides standards for corporate governance …

The New York Times: “Reality Intrudes on a Utopian Crypto Vision.” Bloomberg: “The Next Crypto Bust May Be Spelled D-A-O.” The Guardian: “Are blockchain-based DAOs really a utopian revolution in the making?” Seemingly every week, another old-guard media outlet echoes the talking points of defenders of the status quo financial system who fear and distrust the economic opportunities that will be unlocked through the power of decentralized autonomous organizations (DAOs). While publications are right to recognize the unsurprising early growing pains of DAOs, this sort of hand-wringing misses the forest for the trees when it comes to the impact of …

The world is largely governed by the creator economy, an economy defined as a class of businesses that rely on the 50 million content curators, bloggers, creators and videographers that bring something new or original into existence. This differs greatly from the previously defined attention economy, where brands were forced to fight to be the loudest in a saturated market. Now, social media platforms have enabled the easy distribution of content, encouraging the growth of something bigger than a company’s offerings— the creation of communities. Creators provide value to the economy through their ability to entertain, inspire, and inspire trust …

Non-custodial cryptocurrency platform ShapeShift DAO has launched a new NFT auction in support of female artists in the nonfungible token and blockchain industries — a segment of the population that remains underrepresented in the rapidly growing digital economy. The auction for “Block 495559—Crypto Kitties and the Great Hairball in the Tubes,” a collaborative one-of-a-kind NFT series created by female artist LunaHawk and ShapeShift DAO director GrayMachine, will be held on OpenSea between April 4-11. The NFT series was minted on the Ethereum mainnet and will include custom, animal-themed digital art that conveys the history of the cryptocurrency market through various …

After more than a year, the Cointelegraph-powered cryptocurrency conference BlockShow is returning — this time with an opportunity for participants to join as members of a decentralized autonomous organization. BlockShow DAO’s conference aims to allow attendees to own a stake in the show and participate in organizing events, whether they’re a large sponsor or someone joining for the first time. Organizers made the decision to turn the event into a DAO amid many conferences still struggling to handle the effects of the COVID-19 pandemic. “We believe that only with a DAO can we create the biggest truly community-owned Web3 festival, …

Blockchain technology has disrupted several industries, some being more marketed than others. Although equally valuable, one of these lesser-known industries that have undergone a major shift is that of fundraising. Under the traditional model, donations were typically inefficient, requiring high processing fees and less of the donated funds being allocated towards the nonprofit's mission. The other major concern is in addition to the inefficient donation model, it is difficult for organizations to connect with the larger community and inspire longstanding change. With cryptocurrency, crowdfunding becomes more transparent, faster and cost-effective than traditional currencies, ensuring those in need receive the proper …

Rebase tokens are a type of cryptocurrency that adjusts their circulating supply in response to price fluctuation. This can be done via burning or minting tokens via the network to ensure price stability without affecting the value of a user’s holdings. These tokens exist as a way to avoid crypto price volatility while still offering the benefits of cryptocurrencies, such as decentralization and global use. However, they have several key failings. For one, rebase tokens require active expansion of the protocol's treasury in order to remain profitable. This causes some protocols to pursue irresponsible lending models, which, while profitable, incite …

Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing it to implement its own cryptocurrency called “MiamiCoin” to be used for civic engagement. New York City has also made a name for itself as a crypto-friendly city by implementing educational initiatives and with Mayor Eric Adams receiving his paycheck in Bitcoin (BTC) in January this year. Austin takes a strong stance Most recently, Austin — the state capital of Texas that goes by the slogan “Keep Austin …

Blockchain is the technology that provides the conditions and premises to rethink governance by transferring all the power to communities. This is achieved through various consensus mechanisms available today. However, while many decentralized autonomous organizations (DAOs) tout their governance as an almost perfect one, the decision-making power is often in the hands of those who hold more native tokens. It happens that most DAOs end up having a governance structure similar to banks or corporations, even though they indeed may empower communities to a certain level. One blockchain project is seeking to find the perfect tune of decentralized governance. TheGreatReset.Finance …