DAO

The Denver Broncos NFL team is for sale, and one of the potential buyers could be a DAO - a decentralized organization using blockchain tech. However, the efforts have to overcome major regulatory issues. Specifically, stringent NFL rules could put its supposed decentralized nature in question. BuyTheBroncosDAO BuyTheBroncosDAO aims to raise $4 billion from fans and investors to buy the U.S. National Football League team. The sale, set before the start of the 2022 season, could set a record for…

AssangeDAO, a newly founded Decentralized Autonomous Organisation (DAO), has raised funds worth over $45 million in ETH to support the release of Julian Assange, founder of Wikileaks,, from prison. More than $20 million has been raised as donations skyrocket as donations skyrocket in the past 24 hours. Assange's Case The inception of AssangeDAO commenced in a Telegram group on the day the United States won an appeal against a British court ruling in December. Julian Assange, the famous founder of…

After a public controversy, the ENS community voted to remove Brantly Millegan as a steward over a controversial tweet. Ethereum Name Service, a DAO in charge of .eth domains, found itself in the middle of a "cancel culture" controversy. It all started with one tweet from 2016 by Brantly Millegan, a developer and a steward of the DAO. homosexual acts are evil. Transgenderism doesn’t exist. Abortion is murder. Contraception is perversion. So is masturbation and porn When the tweet surfaced,…

As reported by Crypto Adventure, an unknown hacker exploited token-swapping network Poly to the tune of $600M on Tuesday. Many industry participants were shocked by the heist, the biggest ever hacking attack in the DeFi sector. However, in a stunning twist of events, the hacker has started returning some of the stolen hauls after Poly Network's appeal on Twitter. The attacker sent a message embedded in a crypto transaction on Wednesday, informing Poly Network that he was ready to return…

According to insights by the ETHhub founder Anthony Sassano, smart contracts account for Ethereum worth $63 billion. The value follows up on the Decentralized Autonomous Organization (DAO) event, which took place in 2016 and had Ethereum worth $230 million. Ideally, smart contracts are a pioneering technology residing on a blockchain that enables parties to make agreements through a code. Unfortunately, data also shows that huge chunks of ETH withdrawals make their way into DeFi applications and smart contracts, leaving exchanges…

The decentralized finance sector continues to expand and produce new and interesting protocols every day. However, the niche struggles with the same problems that inhibit the entire crypto industry from progressing at lightning speed. DeFi sees its progress striving to solve problems like scalability, liquidity, and asset diversity. Fortunately, there are projects with million-dollar plans to eradicate these issues. One of them is RAI Finance, a decentralized cross-chain exchange growing on Polkadot just as fast as the DeFi boom of…

One of the beauties of blockchain technology is that it enables the creation of multi-layered worlds. It is similar to our Universe in which countless galaxies contain numerous solar systems, which in turn consist of several planets, each with diverse ecosystems. In turn, these ecosystems follow the same hierarchical scale down to the smallest atom. The possibilities of development are endless. Aragon is a decentralized autonomous organization (DAO) that allows the development and existence of other DAOs within its realm.…

Ethereum is one of the top digital currencies shaping the decentralized ledger technology. It's a community blockchain behind the Ether (ETH) cryptocurrency and thousands of dApps. According to CoinMarketCap, ETH is the second-highest traded (over $5,776,058,511 in 24hrs, at the time of writing) coin behind BTC. Ethereum is considered the most stable blockchain hence the preferred infrastructure for most stable coins. However, the blockchain is associated with some minimal flaws. Among these is an attack on the DAO. This article will…

Decentralized Finance, more commonly known as DeFi, is the newest trend in the cryptocurrency sector. After "Colored Coins," Smart Contracts, and ICOs, DeFi has taken the limelight. It has opened the door to a whole new branch of decentralized technologies. Among the hundreds of projects focusing on bringing Decentralize Finance to the masses, none has been as successful as the MakerDAO Network. The Need for MakerDAO The MakerDAO is a decentralized smart contract platform on Ethereum. It is one of…