The US District Court for the Northern District of California has ruled that decentralized autonomous organizations (DAOs) can face legal liability under general partnership laws. Judge Vince Chhabria’s decision, delivered on Nov. 18, establishes that DAOs and their identifiable members can be held accountable for legal actions. This judgment emerged from a lawsuit involving Lido…
TON Foundation says Society DAO is The Open Network ecosystem’s path to decentralisation. Society DAO will also help bring transparency and inclusion to the TON community. The Open Network Foundation is looking to bolster the blockchain network’s decentralisation with a new governance model. On Nov.1, the TON Foundation announced the launch of Society DAO, aimed…
October 8, 2024 at 07:28 PM GST updated: October 8, 2024 at 05:31 PM 2 mins read News Vitalik Buterin sold 10 billion MOODENG tokens, donating 260.15 ETH ($640K) to Kanro for pandemic solutions, causing a 20% price drop. Vitalik encourages memecoin communities to form DAOs, using donations for charitable causes, like anti-airborne disease tech….
In the evolving landscape of blockchain technology, Decentralized Autonomous Organizations (DAOs) have emerged as innovative entities that operate without centralized control. DAOs leverage smart contracts on blockchain networks, enabling members to collaborate and govern collectively. This article provides a comprehensive overview of DAOs, their structure, benefits, challenges, and future implications. What Are DAOs? A DAO…
Treasure DAO will vote to decide whether to migrate its Web3 gaming from Arbitrum to ZKsync. Karel Vuong noted that ZKsync’s technology better fits Treasure’s decentralized gaming. Treasure DAO is set to vote on a proposal that could move its Web3 gaming ecosystem from Arbitrum to ZKsync. The vote, scheduled to begin on September 17,…
September 10, 2024 at 03:30 AM GST updated: September 10, 2024 at 12:24 AM 2 mins read News Snapshot X eliminates gas fees for DAOs using Starknet’s roll-up technology, streamlining on-chain voting. The platform utilizes STARK scaling and storage proofs for secure, tamper-proof voting across blockchains. Snapshot X simplifies voting by allowing Ethereum wallet signatures…
Market News PleasrDAO raises concerns over Martin Shkreli’s incomplete search for copies of Wu-Tang Clan’s album. Shkreli’s declaration did not account for a complete search of the album’s tracks, raising concerns. PleasrDAO, the crypto investors, and NFT collectors are suspecting Martin Shkreli. He is an American investor and businessman who owns the famous and one-of-a-kind…
Shiba Inu announced the onset of a DAO launch aiming to bring in community-driven decision making. BONE and LEASH holders will also contribute to the DAO governance promoting transparency. The Shiba Inu (SHIB) cryptocurrency project plans to launch a Decentralized Autonomous Organization (DAO). It is initiated to empower SHIB holders to participate in the project’s…
TL;DR Shiba Inu (SHIB) is moving toward greater decentralization by launching a DAO. The anonymous developers of the meme coin announced they will step back by the end of 2024, handing full control over to the community to further empower decentralized governance. Shia Inu’s Next Step The popular meme coin – Shiba Inu (SHIB) –…
Hong Kong lawmaker Johnny Ng Kit-chong has called for a legal framework to regulate decentralized autonomous organizations (DAOs) to boost Hong Kong’s Web3 investment landscape. Ng said a recent High Court ruling underscores the rule of law in Web3 operations and sets a significant legal precedent. The Mantra Chain Case A Hong Kong lawmaker, Johnny…
August 20, 2024 at 09:00 PM GST updated: August 20, 2024 at 08:39 PM 2 mins read News Mango Markets DAO proposes a $223K SEC settlement to resolve legal issues. Over 106M votes support Mango DAO’s settlement proposal with SEC. Mango DAO plans to cease MNGO token transactions in the US post-settlement The Solana-based Mango…
Vitalik Buterin highlights the threat of bribery in Dark DAOs and proposes cryptographic solutions. The integration of voting pools and zero-knowledge proofs in DAO could mitigate the risks of corruption. The concept of Decentralised Autonomous Organizations (DAOs) has revolutionised how communities and projects govern themselves. However, as the landscape…