Acara: An innovative blockchain project leading the decentralized information social networking
Acara, an emerging blockchain project, is redefining our understanding of blockchain technology through its unique information governance model and social metaverse. In its latest released whitepaper V0.1.0 and official website, Acara provides a comprehensive overview of its project vision, information governance mechanism, POC equity model, ACR economic model, and social metaverse as key components.
Magipop: Can the Web3 model provide a boost to the creator economy?
magipop is a creator DAO that is dedicated to transforming cool ideas into exciting products.
PermaDAO: The Faithful Promoter of Arweave Eco
PermaDAO is a DAO built by strangers based on the Arweave ecosystem.
DeFi Exit Scams Result in $45M Losses in May, Uniswap Rejects Liquidity Provider Fees, and PancakeSwap Enters GameFi Space
In May, DeFi witnessed a surge in exit scams, resulting in losses of over $45 million, while DeFi protocol exploits accounted for less than half that amount. Uniswap DAO rejected a proposal to charge liquidity provider fees, and Jimbos Protocol has offered an $800,000 bounty to catch the exploiter or recover the funds after talks with the hacker failed. Additionally, Fantom network has launched a program to pay developers for generating gas fees, while PancakeSwap has entered the GameFi space. The top 100 DeFi tokens had a bullish last week of May, with most of the tokens recovering from two weeks of bearish pressure, and the total value locked in DeFi protocols rose above $50 billion again. According to a report from Beosin, losses from crypto rug pulls outpaced DeFi exploits in May, with total losses from rug pulls and scams reaching over $45 million across six incidents. Meanwhile, 10 attacks on DeFi protocols netted just $19.7 million, an almost 80% decrease from April. PancakeSwap has launched a new tower-defense game in conjunction with BNB Smart Chain-based GameFi protocol Mobox, called "Pancake Protectors," which offers various benefits for CAKE tokens, including faster level-up, buying in-game currency, acquiring CAKE heroes, staking for resources, and unlocking game levels. Additionally, there will be an in-game marketplace for trading CAKE heroes, which can be improved by participating in lotteries with nonfungible token upgrade rewards. The top 100 DeFi tokens experienced a bullish week, with most trading positively and the total value locked in DeFi protocols surpassing $50 billion.
Tometa72: Prospering Web3 in the Name of DAO
Tometa72 is a DAO platform dedicated to providing end-to-end services to the Web3 industry. The platform is based on a unique combination of technology and governance to operate decentralized social media and drive growth across the ecosystem.
Moledao: Connect Blockchain Enthusiasts, Nuggets the Web3 World
Moledao is a community leadership organization supported by BYBIT, established in August 2021. All blockchain enthusiasts can learn about the latest developments in the industry at Moledao. With the help of experienced pioneers and innovators, Moledao hopes to build a community that connects and nurtures start-up entrepreneurs in the crypto space, promoting joint efforts to build a Web 3 ecosystem.
The Need for a Standardized Accounting Framework for Decentralized Autonomous Organizations (DAOs)
Decentralized Autonomous Organizations (DAOs) are a new type of organizational structure enabled by blockchain technology, characterized by decentralized control and governance, and boasting a combined treasury of approximately $10 billion. However, the accounting of DAOs is fragmented and lacks uniformity, hindering transparency and trust. Without a standardized system of accounts, stakeholders struggle to understand financial activities and compare performance across different DAOs. A globally shared Chart of Accounts could bring uniformity and enable comparable and consistent measurement across all transaction labels, enhancing transparency and accountability. Additionally, a standardized reporting framework for DAO financials could replace governmental databases with a decentralized ledger and allow for automatic generation of financial reports.
Cabin Plans First "Network City" for Digital Nomads with Crypto Governance and NFT Membership
Cabin, a woodsy coliving project that utilizes blockchain-based membership, is aiming to create the first "network city" made up of self-governing neighborhoods accessible to citizens who hold NFTs. The project's creator, Jon Hillis, believes that this blend of blockchain-based membership and tight-knit communities can provide a solution to the "loneliness" problem that is often found in car-centric suburban areas.
AI Meta Club: Transforming the Metaverse Landscape with AIGC Technology
AI Meta Club is a DAO platform that seeks to redefine our interactions, work, and entertainment within the digital realm by harnessing the power of AI and blockchain technology.
BitDAO Merges with Mantle to Establish DAO-led Web3 Ecosystem
BitDAO, the world's largest DAO by treasury size, has partnered with Mantle, a high-performance modular L2 blockchain built on Ethereum, to create a DAO-led web3 ecosystem called the Mantle Ecosystem.
