DAO | ForkLog - Part 3

ForkLog 17 19.11.2024

US Court Holds Lido DAO Members Accountable for Organisational Activities

A court in California has classified the decentralised autonomous organisation (DAO) managing the Lido liquid staking protocol as a legal entity in the form of a general partnership. Under state law, members of such a structure bear financial responsibility for its actions. The case originated from a lawsuit by Andrew Samuels, who purchased tokens issued […]

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ForkLog 20 14.11.2024

Changpeng Zhao and Vitalik Buterin Delve into DeSci

Former Binance CEO Changpeng Zhao (CZ) and Ethereum co-founder Vitalik Buterin participated in a meeting of DeSci entrepreneurs in Thailand. CZ shared a corresponding photo on X. Learning at a small gathering of DeSci entrepreneurs organized by Labs. pic.twitter.com/ebiaI0uRoJ — CZ ? BNB (@cz_binance) November 13, 2024 In the thread, he mentioned that the event […]

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ForkLog 21 01.11.2024

TON Foundation Introduces DAO to Decentralize Ecosystem Governance

The TON Foundation, the organization behind The Open Network (TON), has unveiled a new governance model, Society DAO. This initiative aims to further decentralize, enhance transparency, inclusivity, autonomy, and competition. The decentralized autonomous organization (DAO) was founded by teams including: TON Core — responsible for blockchain development, updates, and maintenance; TON Studio — supporting project […]

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ForkLog 26 24.10.2024

The Buterin effect: how meme tokens are refreshing the DAO idea

After a burst of innovation, crypto appears to be in an ideas slump. The impasse has spawned narratives out of thin air that will, sooner or later, peter out. What comes after memecoins? Oleg Cash Coin takes a closer look. Hype cycles To make sense of the moment, consider Gartner, an American research and consulting […]

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ForkLog 11 18.10.2024

UAE to Establish Legal Framework for DAOs

The UAE plans to introduce a legal framework for decentralized autonomous organizations (DAOs) within the RAK DAO. This was reported by Cointelegraph, citing a letter from the law firm NeosLegal. The presentation and discussion of the new regime with representatives of the free economic zone is scheduled for October 25. Irina Heaver, a partner at […]

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ForkLog 14 30.09.2024

Russia to Introduce ‘Digital LLCs’ as DAO Concept

The Russian Ministry of Finance is set to develop a pilot project for creating digital limited liability companies (LLCs) with corporate agreements enforced through decentralized ledgers, akin to DAOs. This was reported by TASS, citing a statement from Alexey Yakovlev, director of the department of financial policy. Under the project, once an LLC is registered […]

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ForkLog 10 09.09.2024

DeSci Projects Predominantly Focus on Healthcare

In the realm of decentralised science (DeSci), healthcare-related projects are in the majority. This was stated by VitaDAO steward Alex Dobrin in a conversation with Cointelegraph. He believes this trend has partly emerged because the pace of new drug development “motivates taking science and development into one’s own hands.” Moreover, there is a growing negative […]

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ForkLog 18 09.09.2024

Starknet Unveils Gas-Free Voting Protocol

The developers of the L2 project Starknet have introduced the Snapshot X protocol, built on its platform. It enables on-chain voting without gas costs, reports Cointelegraph. This initiative aims to facilitate governance in decentralized organizations with reduced expenses and enhanced security. “Those eligible to vote in DAOs will no longer have to pay gas fees […]

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ForkLog 14 26.08.2024

Shiba Inu Team to Launch DAO

Shiba Inu (SHIB) is set to launch a DAO, enabling meme token holders to vote on future initiatives. This was announced by the head of marketing, known as Lucie. https://t.co/mj7SRzf6yi — ????? (@LucieSHIB) August 24, 2024 “The transition [to DAO] will allow every owner, regardless of their stake size, to influence the community’s direction,” she […]

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ForkLog 8 20.08.2024

Mango DAO Agrees to $223,228 SEC Settlement

The governing body of the DeFi platform Mango Markets, Mango DAO, held a vote on a pre-trial settlement of claims by the SEC, which accused the project of violating U.S. securities laws. A quorum of over 106 million votes unanimously supported the payment of a civil penalty of $223,228, the burning of MNGO token reserves, […]

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ForkLog 14 16.08.2024

How to build a DAO quickly and well: a toolkit

ForkLog has long covered the ideological, legal and other theoretical aspects of building DAOs. Today Web3 entrepreneur Vladimir Menaskop turns to practice and shares tried-and-tested tools for creating a decentralised autonomous organisation. From the author Platforms for building DAOs can do a lot, but not everything. Most of the conclusions in this article are based […]

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ForkLog 33 13.08.2024

Bitcoin Developer Unveils Anonymous DAO to Safeguard Freedom

Amir Taaki, an early Bitcoin developer, has introduced the first fully anonymous DAO with token-based governance. We created the world’s first and only fully anonymous on-chain DAO with token-weighted voting. Everything about the DAO is anonymous. DAOs are meant to be political and subversive. • The DAO cannot be seen on-chain. It’s looks like random […]

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