DAO

Opera Crypto Browser Integrates Elrond, Blockdaemon Partners With a Banking Giant, KuCoin Going Glocal + More News

Opera Crypto Browser Integrates Elrond, Blockdaemon Partners With a Banking Giant, KuCoin Going Glocal + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Adoption news Opera Crypto Browser, the Web3-focused browser with native support for decentralized applications (dapps) and a non-custodial wallet, is announcing plans to expand its suite of networks by integrating the Elrond (EGLD) blockchain. Following the …

Opera Crypto Browser Integrates Elrond, Blockdaemon Partners With a Banking Giant, KuCoin Going Glocal + More News Read More »

Grand Theft Auto creator backs web3 gaming studio in .6 million round

Grand Theft Auto creator backs web3 gaming studio in $7.6 million round

QUICK TAKE One of the creators of the Grand Theft Auto series, David Jones, has backed blockchain gaming studio Random Games in a $7.6 million round. The round also featured participation from IGNIA, 2 Punks Capital, ID345 and Polygon. The company aims to create an interoperable gaming franchise, named the Unioverse. David Jones, one of …

Grand Theft Auto creator backs web3 gaming studio in $7.6 million round Read More »

Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments

Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments

The U.S. Treasury Department is recommending more research on the development of central bank digital currencies (CBDCs). In a new report, the Treasury Department says the US has an objective to create a future payments system that promotes American values, minimizes risks and fosters inclusion. To achieve its goal, the agency recommends more research on a …

Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments Read More »

Yuga Labs Hires Chief Gaming Officer to Further Web3 Gaming Push

Yuga Labs Hires Chief Gaming Officer to Further Web3 Gaming Push

Yuga Labs has hired Spencer Tucker as its first Chief Gaming Officer, the company behind the Bored Ape Yacht Club NFT collection announced Friday. At Yuga, Tucker will supervise the development of the firm’s Web3 gaming projects, starting with Yuga’s “Otherside” metaverse. Earlier this year, Otherside made waves on Ethereum when it saw a massive surge of transactions and $561 million worth of NFT land sales within …

Yuga Labs Hires Chief Gaming Officer to Further Web3 Gaming Push Read More »

Beyond the NFT hype: The need for reimagining digital art’s value proposition

The true potential of NFTs lies beyond profile pictures and art and into solving real-world use cases, implying the need for brainstorming fresh ideas. INTERVIEW   With cryptocurrency prices wavering this year, nonfungible tokens (NFTs) and other sub-ecosystem investors have also found themselves in the grips of a bear market. However, looking beyond the trading value of …

Beyond the NFT hype: The need for reimagining digital art’s value proposition Read More »

Why it Matters for Ethereum Health That Lido Thrives as a Censorship-Resistant Entity

Why it Matters for Ethereum Health That Lido Thrives as a Censorship-Resistant Entity

With Ethereum’s Merge due to happen tomorrow, new research from analytics firm Nansen has revealed that 64% of all ETH staked in the platform’s Beacon Chain is controlled by only five entities. Of the big five, Lido leads the way with 31% of all staked ETH, while centralized exchanges Coinbase, Kraken and Binance control a combined total …

Why it Matters for Ethereum Health That Lido Thrives as a Censorship-Resistant Entity Read More »

What is a decentralized autonomous organization (DAO)

What is a decentralized autonomous organization (DAO)

As Web3 and the blockchain bleed more and more into the mainstream, new acronyms get thrown around regularly with little explanation as to what they mean, including this one: DAO. Decentralized autonomous organizations (DAOs) are kind of like clubs for crypto enthusiasts, only they typically operate under a shared goal, give each member equal say in making decisions, and …

What is a decentralized autonomous organization (DAO) Read More »