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Tag: TheDAO

Day of the DAO: Australian Treasurer Josh Frydenberg’s ambitious plan for payments and digital…

We are in the midst of a digital revolution. COVID has accelerated and changed the way Australians and businesses engage with digital technologies.
And many new and innovative technologies are emerging throughout the economy, impacting every part of our lives.
Nowhere is this digital disruption playing out faster than in the payments and crypto-asset sectors.
Cheques are on the way out.
In 1980, cheques were used in 85% of non-cash payments.
By 1995, cheques had fallen to 38% of non-cash payments.
And today, cheque use has fallen to around 0.2% of non-cash payments.
The use of cash is also…

DoragonLand Adds Redline DAO as New Partner

With the NFT gaming industry picking pace, DoragonLand is ready to leverage the newly-gained popularity. The 3D tower rush game has recently announced a partnership with China’s first institutional DAO for blockchain, Redline DAO. DoragonLand stated that both ventures share Inspection and Insight as core beliefs, making Redline a viable partner. The DAO has the extensive market knowledge, helping DoragonLand join the nex-gen of the NFT gaming sector. As the official partner for DoragonLand, Redline DAO will provide assistance in every crucial step – from initial development to final…

A DAO that wants to own the Dune Bible has to buy it back from its founder after he pitched in $3…

Zendaya in “Dune.”Warner Bros.Soban Saqib pitched in $3 million to win the bid for the famous Dune Bible.
Now he has to figure out how to sell the item to the DAO he founded, so it can be the owner.
The DAO has raised about $12 million to purchase the bible and create an animated film or series based on it.
Soban Saqib didn’t want to lose the bid for a beloved item like the ConstitutionDAO did.When his crypto collective, once called Dune DAO but renamed Spice DAO, came up short in its bid for the iconic “Dune Bible,” he pitched in about $3 million to win it at auction.But here’s the…

ConstitutionDAO PEOPLE Token Continue To Rise Amid DAO Closure

Less than two days after the earlier reports of ContitutionDAO’s PEOPLE token hitting an all-time high of $0.02, it has now reached a new ATH of $0.16.

Brief History of ConstitutionDAO
ConstitutionDAO was formed on November 11, when a group of crypto enthusiasts met on Zoom with a common goal of raising funds in order to secure the purchase of a rare copy of the US constitution that was to be sold at Sotheby’s auction on November 19.
In anticipation of the auction, the DAO raised more than $45 million in ETH from over 17,000 donors, but in the long run, could not secure the…

Astra Guild Ventures declares its private sale

Have you heard of NFT Art? How about play-to-earn games? These are just some examples of the widespread use cases of Non-Fungible Tokens (NFT). In simpler terms, NFT are digital art or collectibles that have been coded uniquely, making their authenticity verifiable. People can then own and trade these digital assets in the blockchain. These assets can even go up to $69 million, as shown in the success of NFT artist Beeple.Astra Guild Ventures (AGV) is a DAO that invests in NFTs, P2E games, and other blockchain projects. Part of the mission of the DAO is to build a global community of…

What is the Dao? – Finding Oneself

The Dao, a path among limitless paths.
The Dao, a way of life in pursuit of purpose.
The Dao; a desire, a dream, a fantasy, a reality.
The Dao is all of these things, the Dao is one and the Dao is many.
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Cultivation of the Dao requires knowledge of oneself, for the Dao is knowing one’s purpose.
One’s purpose is what oneself believes it should be, with no room for regret.
Regret begets doubt, doubt begets fear, and fear is the end of all things.
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For the fools, the Dao is merely a method, a way to grow stronger. Ignore them, they are imbeciles.
For the ambitious, the Dao…

ConstitutionDAO’s PEOPLE Token Continues to Soar Despite DAO Closure

In briefConstitutionDAO raised over $45 million from donors to buy a first-edition copy of the U.S. constitution.
The DAO failed to win the auction and announced it was going to refund contributors.
Since the DAO closed on November 23, its PEOPLE token has risen nearly 4,000% to a new all-time high of $0.16.
ContitutionDAO’s PEOPLE token sailed to a new all-time high of $0.16, barely 48 hours after we previously reported a new ATH of $0.02. 
ConstitutionDAO formed on Zoom on November 11 when a group of crypto acolytes banded together to raise funds to purchase a first-edition copy of…

What Is A DAO And How Does It Make Money?

A Decentralized Autonomous Organization allows your startup to work directly with investors globally, while maintaining transparency and a protocol. Imagine that you and your partners come up with an excellent business idea. After drafting a thorough plan, all you need is the money to execute it. For that, you can set up a decentralized autonomous organization, or DAO. To join the organization, people buy tokens, gaining part ownership of your company while investing in it. There’s no single leader or person who decides who will be part of the DAO; it’s the decision of the majority….

A Crypto Group is Trying to Buy an NBA Team via Crowdfunding

A Decentralized Autonomous Organization (DAO) based on cryptocurrency, Ethereum, is gearing up to buy a National Basketball Association (NBA) team through crowdfunding. Krause House DAO, named after the late general manager of the Chicago Bulls, Jerry Krause, raised 200 Ethereum (ETH), or roughly Rs 6.4 crore, in just 15 minutes of announcing the plan to buy an NBA team, reported Decrypt.co. The organization is currently sitting atop 475ETH, which amounts to more than Rs.15 crore.The DAO, formed earlier this May, began its funding drive by selling NFTs a week ago. The NFTs that the DAO is…

The ConstitutionDAO project will cease work and return to the participants their Ethereum

Core team DAO ConstitutionDAO announced that the project had exhausted itself, and invited all participants to demand a refund of the funds contributed.
A group of enthusiasts formed an organization to purchase a rare copy of the US Constitution, which was auctioned at Sotheby’s on November 18.
Despite raising over $ 40 million in Ethereum, the group was unable to acquire the artifact. The winner of the auction was Ken Griffin, CEO of Citadel investment company, who paid $ 43.2 million for the lot, including fees.
The organizers clarified that the DAO had 17,437…

Unique bride procession of Dao Khau wedding

The Dao Khau of Sin Ho District, Lai Chau Province, believe that all things that begin before the sun rises will go well, particularly for important events such as a wedding.A bride stands outside the groom’s house waiting for a ritual to erase all bad luck for her.The Dao Khau wedding takes place over three days. On the first day they prepare necessary things at the groom’s house. The second day is for the bride procession. The wedding ends early on the morning of the third day. On the night before the bride procession, people gather at the groom’s house for an all-night…

How Snapshot and Orange are making crypto more democratic with reputation-based voting

Today, token-based voting is the primary mechanism for deciding the direction of a decentralized autonomous organization’s (DAO’s) growth and development. But there are inherent flaws and inequities in this model that necessitate new solutions to create more equitable and regenerative DAO projects. That’s why Snapshot and Orange are collaborating to bring reputation-based voting to life, giving the most loyal and active DAO contributors the biggest say. We’re making true democracy a reality in the crypto space.The year 2021 has most decidedly been the year of the DAO. From layer…

Silver Linings Abound as Constitution DAO Falls Short in USD 47M Sotheby’s Bid


Source: A video screenshot, Youtube/Eric ZhuAn audacious attempt to buy one of the few surviving copies of the United States Constitution by a decentralized autonomous organization (DAO) fell short of what would have been a dramatic victory for the crypto space – losing out in an auction at Sotheby’s.Regardless, there was plenty of positivity for the DAO, which became known as Constitution DAO, and raised over USD 47m worth of ethereum (ETH) in the space of around a week, per Juicebox data. In a statement published on Twitter, the DAO’s masterminds wrote that “while this wasn’t the…

ConstitutionDAO’s bold crypto bid for US Constitution falls short – TechCrunch

There are 13 surviving copies of the original print of the U.S. Constitution. Today, a decentralized autonomous organization (DAO) announced it lost its bid to buy one from art dealer Sotheby’s after a high-stakes bidding war that captured the internet’s attention. Still, the bold ascendance of the DAO, a group of people who met on the internet, is a unique case study into the art of on-ramping swaths of people into crypto, one meme and auction at a time.
After a brief flurry of excitement on Twitter, where some members of the group mistakenly announced they had won in a live…

With Over USD 40M Raised, DAO is On the Cusp of Buying a Copy of US Constitution

Source: AdobeStock/James SteidlConstitutionDAO, a decentralized autonomous organization (DAO) that was formed to pool funds in an effort to bid on a rare, first-edition printed copy of the US Constitution, has raised over USD 40m – two times more than the auction house Sotheby’s upper estimate.The document is one of only 13 surviving first-edition copies from a run of 500 originally printed, and will be auctioned off on Thursday by the major auction house. Sotheby’s has valued the document between USD 15m – USD 20m.The DAO, which was formed just last Thursday, began collecting capital…

ConstitutionDAO Raises $27M on Eve of Sotheby’s Auction. $PEOPLE Could Be the Reason

However, the real-world identities of multiple members of the DAO’s brain trust – roughly three-dozen individuals – are known, and now an actual LLC will be placing the bid on behalf of the DAO to comply with Sotheby’s know-your-customer (KYC) requirements. Additionally, fractionalization could lead to an unusually easy-to-pursue securities enforcement action from the Securities and Exchange Commission (SEC), per early discussions in the DAO’s Discord.

1inch Moves Further Toward DAO Structure, Deploys Treasury

Key Takeaways
1inch has launched its Network DAO Treasury, a key step for decentralization via its DAO.
This represents the beginning of Stage 2 of 1inch’s governance implementation.
The Treasury was approved with 90% support from the community.

this article

1inch has announced the creation of the 1inch Network DAO Treasury as well as the beginning of Stage 2 of its governance implementation. The DAO (decentralized autonomous organization) will govern the 1inch network via 1INCH token holders staking their tokens in order to vote on protocol parameters and governance.
Creating a…

A ‘DAO’ Has Raised Over USD 2.7M to Acquire a Rare Print of US Constitution

Source: AdobeStock/Todd TaulmanA new decentralized autonomous organization (DAO) has been organized to raise funds in an effort to bid on a first-edition printed copy of the US Constitution which will be up for auction at major auction house Sotheby’s on November 18.ConstitutionDAO aims to pool money using an Ethereum (ETH) smart contract and win the bid for the rare copy. “We intend to put The Constitution in the hands of The People,” the DAO’s website says.At the time of writing, the DAO has already raised more than USD 2.7m…

Venture capital vs. crypto, blockchain, DAOs and Web 3.0

We have seen a steep adoption of crypto-based systems this year, including decentralized finance (DeFi) applications, nonfungible tokens (NFTs) such as digital art, crypto-centric gaming, and increased adoption of cryptocurrencies as investment and payment tools. One of the more recent developments is the emergence of decentralized autonomous organizations (DAOs).DAOs have existed since 2016, when The DAO organization, a new form of investment vehicle that attracted a sizable portion of Ethereum (ETH) tokens, raised more than $150 million at the time. Many saw The DAO as the ultimate form…

AirSwap DAO unveils its brand new DEX web-app » CryptoNinjas

AirSwap DAO, a builder of peer-to-peer technology for the exchange of digital assets, announced today it has launched its first complete web app: an all-new P2P DEX built entirely open-source and coordinated on the AirSwap community Discord and GitHub repositories.
As of now, users can go to airswap.io to try out the new DEX with swaps between WETH, USDT, USDC, DAI, and WBTC but keep in mind there may be minimum size requirements. All platform fees from the DEX go towards supporting contributors to the DAO.
First launching its P2P DEX in 2017, AirSwap has since transitioned…

Ethereum Name Service to Pivot to DAO Governance, Airdrops ENS Token to Domain Holders – Bitcoin…

The Ethereum Name Service (ENS), the entity that controls the decentralized domains built on top of Ethereum, announced it would pivot to a decentralized governance model, opening the door to the formation of a DAO (decentralized autonomous organization). The ENS is now calling for delegates to propose their views to the community in order to be elected. The airdrop of the DAO tokens will open on November 8.
ENS Pivots to Decentralized Governance
The Ethereum Name Service, the organization behind the decentralized domain service on Ethereum, announced recently its intention of…

The Metaverse’s Next Leap Toward The Mainstream

The metaverse has its latest nightlife hotspot for gaming enthusiasts, as a new Atari-themed casino is opening its doors in the digital space.
The casino will be the third such gambling establishment operated by the DAO Decentral Games, which purchases land in virtual worlds like Decentraland so it can run digital businesses. With its latest creation, it brings in brand assets from Atari, hoping to attract nostalgic gamers to its concerts of the metaverse, to come and play with a wide range of digital tokens at their disposal.
Decentral Games — which previously built a number of games…

‘Metaverse NFTs Are One of the Most Beautiful Fruits of the Blockchain,’ Says Jean Feier

BeinCrypto spoke to Jean Feier, co-founder of the MetaGameHub (MGH), about the DAO, NFTs metaverse, and fair investment.

Non-fungible tokens (NFTs) are extremely well-known, especially in the crypto community. However, the next stage in this tokenized universe is only just becoming a much-talked-about subject. This next step is the metaverse.

For Feier, NFTs in different metaverse are an opportunity for accessibility and diversity in this growing and future space.

MetaGameHub is all about this kind of diversification. Its basis is a shared community based around…

Polygon Announces Decentralized Autonomous Organization (DAO) for the Web 3 Ecosystem

Polygon will form a DAO to enable projects, developers, and the community to build a better DeFi and Web3 ecosystem and take the industry to the next level.DUBAI, UAE / ACCESSWIRE / August 20, 2021 / Polygon, an Ethereum scaling full-stack solution bringing mass adoption to the Ethereum platform, has today announced plans to create a Decentralized Autonomous Organization (DAO) for the decentralized finance sector (DeFi) and Web3 space. Polygon proposes the DAO to bootstrap DeFi growth and help onboard the next 100million users to Polygon.With the majority of Web 3.0 projects such as…