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NFT & DEFI
Number of DAOs increases 8x along with spike in votes and proposals
The total number of decentralized autonomous organizations (DAO), the number of governance proposals put forward and the number of votes cast have all seen astounding 8-times growth over the past 12 months.Data compiled by Snapshot Labs…
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DeFi 2.0 Suffers 98.5% Loss Amidst The Bear Market! Here Is Why
Mr. Jason Choi, a member of Forbes’ 30 Under 30 list, co-founded Spartan Group. The Spartan Group is APAC region’s most successful Web3 VC fund. Mr. Jason has expressed his thoughts on the current crypto “bottom.”DeFi 2.0 Lost 98.5% On…
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Cake DeFi Commits $1M to ESG Initiatives on Third Anniversary
June 7, 2022, marks Cake DeFi’s third anniversary. Reviewing its achievements, the Singapore-based financial technology platform noted that it has managed to record tremendous growth despite the bearish trends, averaging…
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Hong Kong Regulator Warns of Securitization Risks for NFTs
The Securities and Futures Commission (SFC) of Hong Kong recently issued a statement on the financial and legal risks surrounding non-fungible tokens (NFTs). It claims that such tokens are not only prone to the typical…
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MetaBrewSociety to offer voting rights over a brewery via NFTs and DAO
Munich-based MetaBrewSociety (MBS) will soon offer voting rights on the business decisions of a physical brewery via nonfungible tokens (NFTs) and a decentralized autonomous organization (DAO). The MBS was formed in February this year by…
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Global Web3 metaverse and tax initiatives continue in the face of a market meltdown
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and…
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Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)
ConsenSys is an Ethereum blockchain innovator and the company behind the leading MetaMask wallet. The Brooklyn, New York-based Web3 company has raised over half a billion dollars in late series seed capital in the last…
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Proposal to Build BAYC’s Otherside on Immutable X Protocol Submitted
Ethereum-based layer 2 NFT scaling platform, Immutable, has submitted a proposal to the ApeCoin DAO to develop the popular Bored Ape Yacht Club (BAYC) metaverse project Otherside on its blockchain network.
Otherside…
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OpenSea ‘insider trading’ could see NFTs labeled securities: Former SEC lawyer
Former United States Securities and Exchange Commission lawyer Alma Angotti says this week’s news about an OpenSea employee being charged with insider trading could open the doors to nonfungible tokens (NFTs) being labeled as securities.…
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DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?
Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dollar-pegged assets play in the crypto…
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