Llama, a platform that provides on-chain access control and governance, has secured $6 million in funding from investors including Founders Fund and Electric Capital. The company, founded in 2021 by Shreyas Hariharan and Austin Green, aims to offer a solution for companies that use smart contracts but lack a comprehensive system to manage them. Llama integrates with smart contracts to manage permissions and proposals for changes, using a user-friendly interface that displays recent changes and pending proposals. The founders believe that as smart contracts become more complex, there will be an increasing need for effective management systems.

A report by Electric Capital has shown a significant decrease in the number of developers working on open-source crypto projects, with only 19,300 developers contributing as of October 1, 2023, marking a 27% decrease over the past 12 months. The decline in developer numbers is especially significant when compared to the situation during the bear market of October 1, 2020, when the number of developers had increased by 66%. The most substantial portion of this decline was driven by newcomers who had been involved in the crypto industry for less than a year, with their numbers decreasing by a staggering 58%, or 8,300 individuals. The report also highlighted that retaining experienced talent is vital for the growth and development of the industry.