Terraform Labs CEO Do Kwon’s plan to create a new blockchain “without the algorithmic stablecoin” TerraUSD (UST) has the support of 85 million community votes. In a proposal opened to the Terra (LUNA) community on Wednesday, more than 91% of votes at the time of publication were in favor of “rebirthing” the Terra network — roughly 85 million out of 93 million, with up to 284 million votes yet to be cast. The proposal needs roughly 188 million votes in favor to pass before the window closes on May 25. At the time of publication, the biggest validator to come …

You’ll never have an excuse to miss another governance vote if the decentralized autonomous organization (DAO) calls or texts to badger you to vote. The Notifi Network is banking on this concept to help improve the abysmal participation rates in governance votes. Launching with Solana DAOs, it combines popular centralized methods used by the Web3 community such as Telegram and Discord pings with more traditional, and harder to ignore notifications like phone calls, text messages or emails. Backed by crypto venture capital firms Race Capital and Hashed, on April 24, Notifi applied its notification service to all DAOs that launch …

SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol. Sushi’s new legal structure will be based on a community-approved proposal from Mar. 20 that cited the need for an association or foundation to help provide legal clarity and administrative support for SushiDAO. Proposal: Sushi Legal Structure To form an association or a foundation for Sushi DAO in order to provide clarity regarding the rights and obligations of token holders and contributors and limit their liability and mitigate the future risk.$SUSHI …

Brantly Millegan will be staying on as the director of the Ethereum Name Service Foundation after casting more than 363,300 votes against a decentralized autonomous organization proposal to remove him. According to a tally of roughly 3.7 million ENS DAO votes recorded at the end of the voting period on March 5, more than 1.6 million were against removing Millegan as director of the ENS Foundation — 43.39% of the vote. More than 698,000 votes abstained from the proposal, while roughly 1.4 million votes were in favor of Millegan’s removal — 19.1% and 37.51%, respectively. The controversial #ENS vote that …

Many members of the Ethereum Name Service’s decentralized autonomous organization have voted in favor of allowing recently removed director of operations Brantly Millegan to stay on as the ENS Foundation director. According to a tally of roughly 2.4 million ENS DAO users recorded as of Thursday, more than one million are against removing Millegan as director of the ENS Foundation. The users account for more than 42% of the vote, with 28.61% voting in favor of removing the ENS director and 29.29% abstaining with two days remaining to submit. “The DAO shall decide whether Brantly Millegan is deemed capable, or …

It seems that everyone — from corporate behemoths like Visa and Anheuser-Busch to socialite Paris Hilton and NBA legends Michael Jordan and Kevin Durant — has recognized the growing importance of nonfungible tokens (NFTs) for the 21st-century economy. World-renowned artists, athletes and musicians have been cashing in on the craze, lending legitimacy to this new use of technology that allows for ownership of a wide array of digital assets. But the true test of this innovation will not be how it helps the wealthy perpetuate their positions of power, but rather how NFTs can promote human rights and other public …

2B4CH, a Swiss non-profit think tank assisting the state in exploring cryptocurrencies like Bitcoin (BTC) and blockchain technology, is launching an initiative that could make Bitcoin one of the country’s reserve assets. On Friday, the association announced plans to start a popular federal initiative by collecting 100,000 signatures for the introduction of Bitcoin to article 99 clause 3 of the Swiss federal constitution. The initiative specifically proposes to add Bitcoin to the list of assets held by the Swiss central bank, which would change the constitutional clause to: “The Swiss National Bank shall create sufficient currency reserves from its revenues; …

Governments are tasked with bringing fair and efficient services to the public. Unfortunately, providing transparency and accountability often results in a reduction in efficiency and effectiveness or vice versa. Governments are usually forced to choose to improve one at the cost of the other. On rare occasions, technology comes along that enables governments to improve fairness and efficiency. The move from paper-based record keeping to computer databases was one such technology. The internet was another. Blockchain is the next. Like the internet before it, blockchain will not only improve how the public interacts with government services, it will have broad …

Justus Abonyo, former chair of Kenya’s Social Democratic Party and current candidate for commissioner of the country’s Independent Electoral and Boundaries Commission (IEBC), has called for the adoption of blockchain voting. According to a report by Kenyan news outlet, The Star, Abonyo spoke of this while appearing before the selection committee overseeing the appointment of IEBC commissioners at the Kenyatta International Convention Centre on Thursday. Detailing his support for blockchain voting adoption, Abonyo said such a move would have significant, cost savings benefits of up to 300%, stating: “The cost of a ballot in Kenya ranges between $7 to $25 …

A new protocol says it is powering blockchain-backed digital democracy — creating voting platforms that are completely devoid of any external private or public influence. Civicpower has bold ambitions to become the world’s biggest blockchain-backed voting app, and a one-stop-shop where the public can have their say. Governments and organizations can use this platform to canvass opinion, and the infrastructure is also well-suited to performing referendums where the public are given two choices. Crucially, this protocol is open to all — and that means any citizen can create their very own ballot. High-profile influencers can also engage their community in …

Decentralized governance, a facet of decentralized autonomous organizations (DAOs), is perhaps the most valuable application smart contracts could bring to humanity. DAOs can be thought of as living organisms on the internet, entities that would function autonomously according to distributed consensus mechanisms. Managed by a community through voting, DAOs are self-governing systems with a built-in treasury. Although they still depend on community members for certain tasks — offering an economic incentive from the liquidity pool in return — DAOs are almost entirely automated. Despite their potential, DAOs do not rank among the most popular decentralized technologies. Perhaps their reputation hasn’t …

Russia's State Duma has approved a new draft bill in its first reading that would require election candidates to disclose their crypto holdings, expenditures and purchases. The draft bill also asks election candidates to indicate a source of income for cryptocurrency purchases and requires crypto declarations not only from the actual candidates but also their spouses and minor children for the past three years. Introduced in March, the draft bill includes a set of amendments to existing Russian law like those on presidential and State Duma deputy elections, guarantees of the electoral rights, as well as the country’s major cryptocurrency …