28.03.2024

Why 2020 Will Be the Year of the DAO

We also hear from Aragon One founder Luis Cuende who discusses 1) why the newly launched Aragon courts expand what DAOs can do, 2) examples of the need for subjective human intervention in DAOs and 3) why 2020 is poised to be DAOs’ best year yet.

In this episode, we look at the tale of the tape for DAOs in 2019 – what people thought would happen and what actually did happen, including the launch of MolochDAO, MetaCartel, ethereum’s MarketingDAO and more than 1,000 DAOs on Aragon.

The aftershock of the 2016 hack of The DAO meant decentralized autonomous organizations (DAOs) weren’t nearly as hyped as ICOs and, later, some other aspects of the Web3 movement. In 2019, however, DAOs came roaring back and start 2020 with the wind in their sails.

Narrative Watch: The Hunt for Crypto’s Killer App

Starting today, accredited investors will be able to partake of $13.5 million in tokenized bonds connected to the contract of Brooklyn Nets Point Guard Spencer Dinwiddie. The first-of-its-kind offering took months of negotiation with the NBA but marks a seminal moment for both crypto and the larger idea of «income share agreements.»In this podcast, we discuss how big a deal Dinwiddie’s offering is and whether income share agreements could be a breakout use case for crypto.

We also discuss other contenders for “crypto killer app”, including under-collateralized DeFi loans and NFT-based games. Finally, we discuss whether crypto’s actual killer app has already arrived – in the form of using bitcoin to escape local political and economic controls.

Narrative Watch: The Future of Crypto FUD

We’re over $9,000! That means a lot of good things, of course. But any price increase brings with it increased scrutiny and, yes, increased FUD. The question for this time around is whether the «fear, uncertainty and doubt» is the same old same old or something new.

In this episode, @nlw looks at three emergent (and continued) areas of FUD, including: 1) accusations the bitcoin community is rooting for calamity as the safe haven narrative takes hold; 2) an updated “crypto is for criminals” narrative with more emphasis on state-level enemies; 3) a new, more economically vindictive green/energy waste narrative.

Importantly, the question isn’t so much whether these new categories of FUD will come to fruition, but what can be done about them.

Neufund Gets Nod from Liechtenstein Regulator for Token Offerings

Fintech startup Neufund has begun launching public offerings on its tokenized equity platform after receiving clearance from a financial regulator in Liechtenstein.

On Monday, the startup announced retail-grade public offerings of tokenized equity. With minimum ticket sizes as low as 10 euro, co-founder and CEO of Neufund Zoe Adamovicz said Neufund remarked that the firm “delivers on its promise to democratize access to funding for entrepreneurs globally” following clearing from the Financial Monetary Authority of Lichtenstein.

“It’s a big day – not just for Neufund, but business and finance”, Adamovicz said in a statement.

U.S. based investors must be accredited to partake. Unlike other tokenized financial products such as initial coin offerings, Neufund’s product is legally binding equity in a firm.

The first retail public offering being launched is for Greyp, an electric mobility platform. Neufund said $16 million in capital has been deployed on the platform to date.

Nefund’s protocol is based on the ethereum blockchain with custom smart contracts built in-house on the ERC-20 token standard. One of the most active participants on the ethereum network, Nefund has been developing the codebase since 2016. Neufund is based in Berlin.

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