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Colosseum, a Solana-focused crypto accelerator, has successfully raised $60 million for its inaugural fund aimed at supporting early-stage startups within the Solana ecosystem. The fund, which exceeded its initial target of $50 million, will exclusively invest in select projects chosen from winners of Solana hackathons. Founded earlier this year by
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A legal committee in Bermuda has established a new Decentralized Autonomous Organization (DAO) to examine potential reforms in digital governance and tech regulation. The Bermuda Business Development Agency (BDA) announced the formation of the Bermuda Legal Committee DAO, which consists of lawyers practicing in Bermuda. The primary purpose of this
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The Community Ethereum Development Conference (EDCON) will be held in Tokyo from July 24-30, 2024, marking the first time the event, which began in 2017, will take place in Japan. The conference will be headlined by Ethereum co-founder Vitalik Buterin and Japanese football star Keisuke Honda, as it celebrates the
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Omni, a platform that allows you to create a multi-chain token in less than 30 seconds, has launched Omni Pump, the part of Omni's create to earn initiative, which aims to provide new opportunities for users in the digital asset space. Omni Pump offers several features, including easy
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The philosophy of Distributism, developed in the late 19th and early 20th centuries, advocates for the widespread ownership of productive assets rather than their concentration in the hands of a few. This economic theory, based on Catholic social teaching principles, has the potential to be applied to the world of
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Hedera, a distributed ledger technology platform utilizing a directed acyclic graph (DAG) structure, has recently removed community-run nodes from its short-term roadmap. This decision has raised concerns among the cryptocurrency community regarding Hedera's commitment to decentralization. The network is currently operated by 31 multinational corporations hand-selected by the
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The 1inch Network is considering a proposal to fund the development of beta.1inch.io, a crowd and beta testing platform designed to improve the quality of web3 projects. The proposal, submitted by the xcrwd.io team, seeks a grant of $150,000 to cover development costs, community management, and
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The Arbitrum DAO has approved a significant funding initiative worth $222 million to expand its gaming ecosystem. The investment aims to increase user engagement across the Arbitrum, Orbit, and Stylus gaming platforms. This decision comes amidst substantial network growth, with a 30% rise in daily active addresses, indicating increased community
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The DAO Accelerationism movement, dedicated to activating the decentralized autonomous organization (DAO) renaissance, has been gaining traction in the Web3 community. The initiative aims to build reliable decentralized systems by promoting the development of decentralized organizations to govern them. Despite the majority of DAOs having failed so far, leading to
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Four major financial associations have written to President Joe Biden, asking him to sign a Congressional resolution that would overturn the Securities and Exchange Commission's (SEC) controversial "Staff Accounting Bulletin 121" (SAB 121). The American Bankers Association, Bank Policy Institute, Financial Services Forum, and Securities Industry
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The AI Film Academy held the first-ever AIFA Awards in Lisbon last night, celebrating the innovative work of AI filmmakers from around the world. The event recognized the diverse stories and new visual language emerging from AI technology, while also marking the launch of the AI Film Academy, an institution
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he recent launch of The Sandbox's DAO has raised significant concerns about the level of centralized control and the weighted voting system that appears to favor The Sandbox itself. The fact that The Sandbox holds 3 million votes during weighted voting feels wrong and goes against the very