Reno, the major city of the famous art festival Burning Man, is developing its own decentralized autonomous organization (DAO) and a token in partnership with Tezos. It has been reported that Mayor Hillary Schieve announced the city’s plans to create the Reno DAO in a Tez Talks podcast hosted by the Tezos Commons Foundation. Schieve said that the city will build its Reno DAO and Reno Coin on top of the Tezos blockchain network in order to monetize art objects and pieces as we

Badger DAO, the Ethereum-focused decentralized finance (DeFi) protocol, has announced a $21 million sale of DAO treasury assets to four major investors – Polychain Capital, Parafi Capital, Blockchain Capital, and noted whale wallet 0xB1. It has been reported that the sale was made as part of a wider “Treasury Diversification through Strategic Partnerships” plan first outlined in Badger Improvement Proposal (BIP) 37. However, the Badger treasury, worth over $600 million USD, i

An unknown developer has prematurely deployed decentralized finance (DeFi) project Curve tokens and contracts with an unexpected launch of its DAO and governance token CRV. It has been reported that the developer tweeted from a brand new Twitter account, which he thought that the contracts were ready and had jumped the gun. Yo, @CurveFinance ! Saw your DAO is ready to rock and I gots to MAXIMIZE MY ALPHA ! So I went ahead and deployed it for you. Get at me in DM to verify and

A smart contract is a set of computer code between two or more parties run on top of a blockchain and constitutes of the set of rules which are agreed upon by the involved parties. To put it simply, smart contracts are automatic executable lines of code stored on a blockchain that contains predetermined rules. The concept was first introduced by Nick Szabo, a legal scholar, and cryptographer in the year 1994. Szabo highlighted that any decentralized ledger can be used as self

While Blockchain technology is democratizing capital for startup companies. Blockchain-based crowdfunding could reshape the entire crowdfunding sector. Crowdfunding allows businesses with really great products and services and ideas to raise funds from the regular people in small investment amounts. The crowdfunding sector exploded as new crowdfunding platforms rose all around the world across a variety of fields and niches. The crowdfunding industry today represents a $1 bil

Open source blockchain platform Waves established a non-profit organization called Waves Association in Frankfurt, Germany to provide effective governance for its own ecosystem, Web3. On Feb. 3 a press release stated that it will foster the development of DLTs, including public and private blockchain protocols. We are pleased to introduce the Waves Association – a non-profit organization that will be in charge of #Waves Ecosystem development and will conduct all decision-maki