BitDAO has announced that it is allocated $633 million in funding from the BitDAO treasury to projects in the blockchain ecosystem, including a focus on Gaming with support for @game7_official, ETH Scaling via @zkdao_official and education with funding for @Edu_DAO
Describing themselves as the builders on Twitter BitDAO are encouraging others to join them in their DAO to build the future of finance with the BitDAO community. Community members are encouraged to submit proposals that directly impact the voting in the DAO, governance of the DAO, actions with Treasury assets, adoption of products for BitDAO and improvements to BitDAO.
#ICYMI: $633 million in funding from the BitDAO treasury has been allocated to different projects across the blockchain ecosystem:
— BitDAO (@BitDAO_Official) February 20, 2022
The three projects mentioned in the support tweet bring different elements of blockchain together to expand the growth of the overall ecosystem.
zkDAO is a $200 million accelerator focused on providing funding and grants to projects inside the zkSync ecosystem. The DAO will also fund ecosystem education, research, and security. ZK Rollups capable of general computation are often considered key to Ethereum’s endgame, but a year ago, leading researchers believed we were many years away but they have already launched the first EVM-compatible ZK Rollup on public testnet.
EduDAO is funding university ecosystems to support the innovators of tomorrow! Rather than disparate university ecosystems, we imagine a world of collaboration and community. The EduDAO model will initially allocate $11 million annually to eight prestigious universities groups to promote information sharing and blockchain innovation. Each university group will operate autonomously, controlling allocated budgets to provide students and faculty creative freedom. EduDAO aims to provide university groups with a wider reach, enabling blockchain innovation through funding as well as advancing collaboration and information sharing worldwide.
Last but not least for funding is Game7, a Collective formed to accelerate the Blockchain Gaming industry through Grants, Education, and Strategic Initiatives. Game7 is an upcoming $500 million blockchain ecosystem acceleration decentralized autonomous organization or DAO. Other entities backing Game7 include Forte, Alameda Research, Mirana Ventures, Warner Music Group, Aleo, Avalanche, Interchain Foundation, Offchain Labs, OP Games, Polygon Studios, and Solana Ventures. Forte Labs and Magnus proposed its creation.
With over $2 billion in the Treasury Balance, they are busy allocating and growing the blockchain ecosystem. BitDAO is owned and governed by BIT token holders. BitDAO aims to support builders of the decentralized economy and showcase the promise of DAOs. It is an open platform for proposals that are voted upon by BIT token holders. It is agnostic to chains and projects.
BitDAO also announced a partnership with Encode Club this week that will see BitDAO sponsor a four-week DAO Hack, helping hackers to learn about blockchain and DAOS through a series of workshops.
The post BitDAO allocates $633 million in funding for Innovative DAOs appeared first on CryptoSlate.
Do DAOs foretell the future of businesses, or are they still a work in progress?
Since 2016, when the Original DAO raised $150mil in Etherium, crypto experts and futurists all o Sver the globe have been paying close attention to DAOs. What are DAOs, and can they be something that real-world future companies might look like? Let’s find out. What are DAOs? DAO stands for Decentralized Autonomous Organization. As the The post Do DAOs foretell the future of businesses, or are they still a work in progress? appeared first on CoinGape.
DAOs: The Financial Revolution Skimming the Outskirts of Regulations
DAOs – Natural Evolution of Digitization To illustrate, for the vast majority of content creators on YouTube, there’s just as much of a battle against a complex algorithm as there is with creating interesting content. The post DAOs: The Financial Revolution Skimming the Outskirts of Regulations appeared first on CryptoSlate.
Nation.io inaugurates launch with fundraising DAO for Ukraine
Nation.io has officially launched and people can now use its services to build custom decentralized autonomous organizations, or DAOs, on the Solana network. The post Nation.io inaugurates launch with fundraising DAO for Ukraine appeared first on CryptoSlate.
DAOs: Stop The DAO-ization of Everything, It Won’t Solve Every Problem
DAOs will play a big role in the future. But let's acknowledge that problems often arise when we start resolving trust issues with automation. The post DAOs: Stop The DAO-ization of Everything, It Won’t Solve Every Problem appeared first on BeInCrypto.
A Project Called Fries DAO Raises $5.4 Million to Purchase Fast-Food Restaurants
The concept of leveraging a decentralized autonomous organization (DAO) has become very popular these days, as a myriad of DAO ideas have been created. A new DAO dedicated to purchasing fast-food restaurants called Fries DAO has raised more than $5.4 million to achieve the goal. Fries DAO Creators Dream of a ‘DAO-Governed Fast-Food Franchise Empire’ […]
Will the Biden Administration’s Interest in Targeting Russian Crypto Exchanges Actually Work?
The latest efforts by the U.S. reveal that the Biden administration is looking to to target Russia's cryptocurrency exchanges - but will it work? The post Will the Biden Administration’s Interest in Targeting Russian Crypto Exchanges Actually Work? appeared first on BeInCrypto.
Funding Roundup: Derivatives and Defi Draw a Fresh Influx of VC Firms and Private Investors
As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to stake their money has increased significantly. Leveraging this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors, shaping a new era of decentralization. Globe DX Successfully Closes Fresh $18 Million Funding Round A new […]
On the Modularization of Decentralized Governance
Quick Take Decision-making in crypto protocols has primarily been done via democratic token voting (with the added ability to delegate to others). Voter apathy and a large concentration of tokens lead to a handful (or even a single) voters being able to push decisions through unilaterally. For functions that are not automatable, protocols are moving towards dedicated teams/committees that are responsible for specific functions. Tooling is being built with that in mind.
Delphi Digital launches Labs wing to bolster portfolio company development
The research, media, and investment company adds a development wing Why wait for one of your investments to release a new feature when you can just build it yourself?Delphi Digital’s newly-announced expansion aims to do just that. The cryptocurrency investment, media, and research company is now adding a Labs department which will be focused on contributing to Venture portfolio company development. 0/ We’re happy to announce the next stage in @Delphi_Digital's evolution: Delp
Following V2 plans, Balancer raises $5 million from Three Arrows & DeFiance
Two of the largest crypto funds join Pantera Capital and Alameda Research in contributing to Balancer's $12 million series A funding round Balancer Labs announced today a $5 million investment round led by DeFi (decentralized finance) mainstays Three Arrows Capital and DeFiance Capital. The two VCs now join Pantera Capital and Alameda Research in investing, bringing Balancer’s series A round to a total of $12 million raised. The investment might come as a surprise to some, g
Wyoming lawmakers propose letting DAOs officially register in the state
A working group in the Wyoming legislature dedicated to blockchain technology and innovation has put forward a bill that, if approved, would allow decentralized autonomous organizations, or DAOs, to officially incorporate in the state. The post Wyoming lawmakers propose letting DAOs officially register in the state appeared first on The Block.