Ethereum co-founder Vitalik Buterin has shared three “huge" opportunities yet to be realized in crypto, including mass crypto wallet adoption, inflation-resistant stablecoins, and Ethereum-powered website logins. During an interview with Bankless co-owner David Hoffman, Buterin shared his outlook for the crypto industry in 2023, responding to Hoffman’s raised concern that the “adoption wave” for decentralized applications is now over and that there’s “less opportunity” for developers to come in and build new decentralized applications. Buterin instead shrugged off the “limbo period” that Hoffman eluded to, firstly suggesting that more developments need to be made on cryptocurrency wallet infrastructure in order …

How can companies prepare for a Web3 world? Organizations may create competitive DAOs, use tokenized assets, and actively share the value they create with their user networks to survive in the Web3 world. After the rising market for NFT artwork and collectibles in 2021 and the metaverse land grab in 2022, Web3 presents opportunities for innovative business models, products, and established organizations. Although traditional organizational structures vary from company to company, positions are best filled by individuals who can best serve the interests of shareholders. By swiftly and effectively establishing roles and permissions using NFTs that reflect individuals’ rights and …

A United States federal judge has ordered the Commodities Future Trading Commission (CFTC) to serve its lawsuit to the two original founders of the Ooki decentralized autonomous organization (DAO). On Dec. 12, District Judge William Orrick ordered the U.S. regulator to serve Tom Bean and Kyle Kistner, the founders of the decentralized trading platform bZeroX which was the predecessor to Ooki DAO. Bean and Kistner had already settled charges with the CFTC in September relating to illegal commodities offerings on bZeroX, while separate charges were laid against Ooki DAO token holders, which was served using a help chat box as …

A survey sample of working Americans suggests that millennial and Generation Z workers are far more in favor of joining decentralized autonomous organizations (DAOs) and working remotely in the post-Covid-19 world. Over 1,100 Americans took part in a survey conducted by MetisDAO Foundation which explores trends in remote working preferences and the emergence of DAOs in recent years. A key consideration is the effect that Covid-19 has had on worker sentiment and the growth of DAOs in corporate governance. Citing a research report on DAOs published by the Harvard Law School Forum on Corporate Governance, the results of the survey …

Up to $40 billion a year (AU$60 billion), could be added to Australia's national GDP with the right regulatory framework and could lead to enormous cost savings for consumers and businesses according to a new report. The Nov. 29 Digital assets in Australia report was commissioned by the Tech Council of Australia (TCA), one of the country's technology industry advocacy groups, and written by technology consulting firm Accenture, which outlined a number of potential benefits the growth of the digital assets sector in Australia could deliver, stating: “Digital assets (DA) have the potential to transform our lives offering significant time …

Decentralized autonomous organizations (DAOs) are taking over governance in the blockchain space, and this trend is only in its early stages still. Occam DAO, the decentralized voter community behind OccamFi, has recently voted in a new partnership for the incubator platform. Humanode will be joining the Occam ecosystem with its revolutionary approach to blockchain security and power distribution. You can get an in-depth overview of this new partnership in the next Cointelegraph AMA session on November 28th. Cointelegraph will have a chat with Victor from Humanode and Cristina from Occam DAO to bring you the most important details behind the …

The rising popularity of decentralized autonomous organizations (DAO) reflects the growing tendency toward the creation of community-focused projects within the Web3 ecosystem. At its core, a DAO is an organizational structure that allows decentralized decision-making within a community. Currently, there are over 4,000 of these projects in existence, according to the registration data of DeepDAO. With new tools available to make DAOs easier than ever, quantity can easily overtake quality within these communities and it begs the question of what will eventually make these projects relevant in the long run. A basic ingredient The basic structure for decentralized organizations seems …

Amber Group's co-founder Tiantian Kullander, also known as TT, unexpectedly passed away in his sleep on Nov. 23, according to the company's official website. Tiantian was 30 years old and leaves behind a wife and a son. Besides co-founding the Hong Kong-based Amber Group, TT sat on the board of the e-sports company Fnatic and founded KeeperDAO, a DeFi protocol that allows participants to trade, borrow and stake assets with protection from miner value extracted (MEV) bots, before returning it to the community. In an official statement, Amber Group noted that TT had devoted his heart and soul to the …

United States-based ApeCoin (APE) holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service. Blockchain infrastructure company Horizen Labs, which is building the site on behalf of the ApeCoin decentralized autonomous organization (DAO), revealed the news in a Nov. 24 update regarding ApeStake.io on Twitter, saying “unfortunately, in today’s regulatory environment, we had no good alternative.” Ape Staking Update: Big thanks to the talented community devs for their helpful improvements. Bug Bounty AIP delayed us a bit, so we shortened the pre-deposit period by a …

The first official decentralized autonomous organization (DAO) in the United States is taking on the Securities and Exchange Commission (SEC) over its 2021 token registrations. American CryptoFed DAO has told Cointelegraph it will represent itself without an attorney over SEC allegations that it omitted and misstated information in a securities registration last year. The DAO registered its native, interdependent stablecoin Ducat and governance token Locke in its 2021 filing with the SEC, but the regulator has begun proceedings to issue a stop order citing a raft of problems with the registration. In correspondence with Cointelegraph, American CryptoFed chief operation officer …

American CryptoFed DAO, the first decentralized autonomous organization (DAO) to get legal recognition in the United States, is at risk of losing its registration after the U.S. Securities and Exchange Commission (SEC) dug up anomalies in the Form S-1 registration statement dated Sept. 17, 2021. The Wyoming Secretary of State’s office recognized American CryptoFed as a legal entity in July 2021, at a time when the organization’s CEO, Marian Orr, believed that “Wyoming is arguably the top blockchain jurisdiction in the world.” However, on Nov. 18, 2022, the SEC instituted administrative proceedings against the DAO to determine the issuance of …

By creating an alternative financial system with extraordinary flexibility and innovation in less than ten years, Web3 has astounded the globe. Economic and cryptographic primitives such as smart contracts and consensus mechanisms have helped to create an open-source system to conduct and authorize financial transactions. However, the decentralized finance (DeFi) ecosystem cannot support straightforward contracts like an apartment lease because it lacks a native Web3 identity. This article aims to demonstrate how even modest advances toward social identity representation with soulbound tokens could circumvent these constraints and reroute Web3 to an authentic, more transformational path. What are soulbound tokens (SBTs)? …