The total combined value of treasuries, or assets under management (AUM) for the use of decentralized autonomous organizations, increased by around 40 times between January and September of 2021. According to data from DAO stats platform DeepDAO, the total AUM for DAO treasuries listed on the platform increased from around $380 million in January to a peak of roughly $16 billion in mid-September. Looking ahead at 2022: ✍️How far and how deep will DAOs go into the mainstream, and into which use cases? ✍️(When) will DAO treasuries exceed $100B? Lots of interesting questions, but together we can BUIDL this! pic.twitter.com/JDEC9JBuHC …

Volatility is once again the major theme across the cryptocurrency market on Dec. 30 as the price of Bitcoin (BTC) bounced back from an early morning dip below $46,000 with bulls now battling bears for control of support near $47,500. The altcoin market has likewise been a mixed bag of results on Thursday, with many of the coins in the top 200 seeing slight losses while the top performers have posted double-digit gains thanks to major protocol developments and acquisitions. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Frax Share …

A new decentralized autonomous organization (DAO) has been formed with the goal of buying the Blockbuster brand from Dish Network and turning it into a film studio and streaming platform. Blockbuster Video is an American video rental company founded in 1985 which once had 6,000 stores globally and was valued at over $8 billion, before it shuttered almost all of its operations in 2014. It is currently owned by Dish Network and operates just one store in Bend, Oregon. The DAO interested in “liberating” Blockbuster from Dish Network is the aptly named BlockbusterDAO. The DAO explained in a Dec. 26 …

The cryptocurrency market slid lower on Dec. 28 as the price of Bitcoin (BTC) lost nearly $4,000 in value in a matter of hours with bulls now looking to secure support at $48,500 to prevent further losses. In the midst of the market-wide drawdown, the decentralized finance (DeFi) sector of the crypto ecosystem has offered some traders shelter from the storm, with several tokens seeing gains in excess of 30%. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Harvest Finance (FARM), QuickSwap (QUICK) and Aragon (ANT). Harvest Finance moves towards …

Enterprise blockchain has come a long way since its inception in 2017. Blockchain for enterprise use initially began as a technology built on private, permissioned networks, primarily used for supply chain management. As blockchain matured overtime, enterprises began to leverage public, permissionless networks like Ethereum to conduct business. Fast forward to 2021 — enterprises are now applying decentralized concepts to create more efficient workflows in the Metaverse. William Herkelrath, head of business development at Chainlink Labs — a decentralized oracle network — told Cointelegraph that while the Metaverse is hard to define, he believes that it’s a collection of ecosystems …

TPG Telecom and the Avocado Guild, a blockchain gaming business focused on the play-to-earn (P2E) model, have teamed up to allow customers to exchange their AVO DAO tokens for mobile data credits. AVO DAO is the native digital currency of the Avocado Guild. It will be utilized to incentivize players for their time and effort in playing blockchain games. While commenting on the new partnership, Avocado Guild CEO and co-founder Brendan Wong said that the partnership contributes to the overall vision for Avocado Guild "to enrich our scholars' lives by allowing them to exchange the tokens for internet access." The …

There's no denying the fact that global warming jeopardizes humanity’s present and future. There have been numerous initiatives to stem its progress worldwide, including 26 Conferences of Parties (COP) meetings since the Rio Earth Summit of 1992. So far, two features have characterized those major initiatives and agreements like that. First, there's been an overreliance on the politicians and big businesses to drive the agenda. Secondly, the meetings have tended to over promise action but underdeliver on the implementation front. The result? A significant global population feels excluded from deliberations on such an important matter. Additionally, the sustainability push has …

In 2021, the market cap of cryptocurrencies skyrocketed 286% year over year, uplifting a $2.17 trillion industry into the stratosphere. But, with this vast creation of wealth comes the explosion of peculiar tales throughout the sector. From the suspicious death of multiple crypto-evangelists and crypto scams involving hacked Twitter accounts of heads of states to much-promoted celebrity NFT drops that bombed at the auction, 2021 was truly a wild year for the cryptocurrency cyberspace. Without further ado, let’s look at the top strangest stories that have captivated blockchain enthusiasts this year. No 1. The death of John McAfee On June …

On Thursday, BitDAO, one of the world's largest decentralized autonomous organizations with over $2.5 billion assets under management, and its partner Mirana ventures announced the creation of EduDAO with eight of the world's top universities including University of California Berkeley, MIT, Harvard and Oxford University. EduDAO is financed by the BitDAO treasury, and will allocate $11 million in funding each year project grants, research, and standalone product development with $33 million in initial capital. The funds will go to academic research for next-generation blockchain and Web 3 technologies. EduDAO is financed by the BitDAO treasury, and will allocate $11 million …

Cryptocurrency prices and investor sentiment reversed course on Dec. 15 after Federal Reserve chairman Jerome Powell confirmed the bank's plan to hike interest rates in 2022 and slow down the bond purchasing program that had been in play since the emergence of the coronavirus in March 2020. Following the announcement, Bitcoin (BTC) price tacked on a 1.65% gain, bringing the price above $49,000 and Ether trekked back above the $4,000 mark. Altcoins followed suit with their usual double-digit gains and for the moment, it appears as if bulls have taken back control of the market. Data from Cointelegraph Markets Pro …

Few people can influence major change in the world on their own merit. However, there is a small group who can – the billionaires. Taken together, this elite group has trillions of dollars put into real estate, tax havens and other investments. Sadly, this amount of money, unfathomable to most, is rarely being allocated where it is needed most. With estimates suggesting $6 billion could solve world hunger or $10 billion could fully fund the UN program for refugees, there is potential for funds to be allocated more strategically to solve these growing concerns. Unfortunately, with little movement in the …

After announcing the launch of his "Genesis Collection" NFT auction, Ross Ulbricht, alleged founder of dark web marketplace Silk Road, has sold his first NFT for $6.2 million or 1,446 ETH at auction. The auction kicked off at Art Basel Miami via the SuperRare platform. FreeRossDAO, the decentralized autonomous organization set up to help free Ulbricht from imprisonment, placed the winning bid. The FreeRossDAO website states that the DAO aims to “advance prison reform” and to “share Ross's work with the world and give everyone a unique opportunity to own a piece of it.” The first NFT sold, called "Perspective," …