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decentralized autonomous organization
ConstitutionDAO Raises Over $40M for Sotheby’s Auction, Plans to Issue Governance Token $PEOPLE
A longshot bid for a decentralized autonomous organization (DAO) to buy one of 13 original copies of the U.S. Constitution is looking increasingly like a lock. The group has now raised $40 million and counting, well above auction house Sotheby’s upper estimate of a $20 million price. It also plans to issue governance token "PEOPLE." The panel for "The Hash" discusses the latest in an ongoing story illuminating the power of DAOs.
Inside One DAO’s $20M Plot to Purchase the US Constitution
A decentralized autonomous organization (DAO) could be the owner of a rare copy of the Constitution of the United States. What started as 10 internet friends is now an 8,000-strong Discord channel and a full-on movement that’s attracted nearly $4 million in donations. Is this the new face of participatory democracy? "The Hash" panel discusses the latest testament to the organizational power of DAOs.
DEX Aggregator ParaSwap Launches PSP Token Following ENS Airdrop Excitement
On the heels of the ENS token distribution, exchange aggregator ParaSwap has launched its PSP governance token. PSP enables users to stake in liquidity pools in exchange for platform rewards and participate in its newly formed decentralized autonomous organization (DAO) governance. “The Hash” squad discusses the latest continuation of Airdrop season in DeFi land.
Erik Voorhees on Why ShapeShift Is Shutting Down
Erik Voorhees, ShapeShift founder and CEO, discusses why the crypto trading pioneer is transforming from a traditional equity-based VC-backed corporate entity to a decentralized autonomous organization (DAO). “Regulatory friction absolutely has a part in this decision,” Voorhees said. Plus, what’s next for ShapeShift’s shareholders, employees, and customers.
Why Is ShapeShift Shutting Down?
Crypto trading pioneer ShapeShift is closing its doors, handing over its legacy to a decentralized autonomous organization (DAO) controlled by holders of its FOX token. In the process, it will airdrop $98 million in crypto to decentralized finance (DeFi) investors.
Get Virtual Clothes in This Shopping District in Decentraland Metaverse
Digital real estate NFT investment fund Republic Realm's Janine Yorio on launching Metajuku, a shopping district in Decentraland. It's an Ethereum-based virtual world, or metaverse, owned by its users and governed through a decentralized autonomous organization (DAO). "Metajuku is a natural evolution of the retail environment that went from 2D websites to 3D immersive retail stores that people can shop in," Yorio said.