Web3 Media DAO Pioneers Community Ownership Model on Ethereum
Web3 Media DAO Pioneers Community Ownership Model on Ethereum
🎠When DAOs Own Media
A Web3 media DAO is breaking new ground by offering co-ownership through NFTs on Ethereum, marking a significant shift in media ownership models.
- The initiative features collaboration with @owocki to explore DAO structures
- Aims to implement decentralization principles in media ownership
- Calls for support from Ethereum ecosystem and Vitalik Buterin
Recent developments show DAOs transforming traditional ownership models, with organizations like Bankless DAO leading the charge. Notable projects include:
- Pfizer-backed DAO launching community-funded biotech
- New frameworks for Web3 governance rewards
- Initiatives for Web3 work social security
Community participation remains central to the project's vision
Coinage Introduces Tokenized Creator Offering with Revenue Sharing Model
Coinage has launched a new revenue sharing model through their Tokenized Creator Offering, marking a shift from traditional token buybacks and burns. The platform now offers: - Direct ownership stakes for token holders - Patronage dividend system - NFT value appreciation of 100% This follows the broader trend of onchain tokenization, as demonstrated by Courtyard.io's recent initiatives with physical collectibles, including: - Fractional ownership options - Enhanced liquidity mechanisms - Improved transparency - DeFi integration capabilities A notable example was the Polygon Labs and Courtyard.io collaboration for auctioning a Gem Mint 1st Edition Charizard card.
Do Kwon Case: Judge Questions Impact of Pending Crypto Legislation
A federal judge overseeing Do Kwon's case raised a critical question about how pending legislation could affect the prosecution's securities fraud charges. The discussion centers on two proposed bills: - The GENIUS Act - The Clarity Act Both bills aim to establish that stablecoins and crypto tokens are not securities. This development comes months after Do Kwon pleaded not guilty to US fraud charges in Manhattan. The case's outcome could set important precedents for how cryptocurrency projects are regulated and prosecuted in the future.
Crypto Market Stabilizes Following US-Iran Military Action
The cryptocurrency market shows signs of stabilization after initial volatility triggered by US military strikes against Iran. This follows a pattern of geopolitical tensions impacting digital asset prices. Earlier market turbulence was observed during the Bybit exchange security incident, which coincided with Michael Saylor's continued Bitcoin acquisitions. Key points: - Markets recovering from geopolitical shock - Previous volatility linked to Bybit security concerns - Institutional buying continues despite uncertainty Follow [@JohnEDeaton1](https://twitter.com/JohnEDeaton1) for ongoing analysis.
Bitcoin and Ethereum Drop Amid Stagflation Concerns
Bitcoin and Ethereum experienced significant declines, with BTC falling 7% below $100K and ETH down 14%. The drop is attributed to macroeconomic factors creating stagflation concerns: - Rising oil prices - Increasing inflation - Stalled Federal Reserve rate cuts This combination of economic pressures continues to impact crypto markets negatively, following a pattern of sensitivity to broader financial conditions. The situation mirrors earlier market reactions to stagflation fears in 2024.
JPMorgan's JPMD Launch and Do Kwon Context
JPMorgan has launched their digital token initiative JPMD, drawing attention and some lighthearted criticism for its medical-sounding name. The development comes amid ongoing discussions about the evolution of traditional banking in the digital asset space. For context on another significant industry story, a comprehensive overview of the Do Kwon situation is available in this detailed video breakdown: [Video Explainer](https://x.com/zGuz/status/1558851374619803649/video/1) Further discussion on these topics can be found in the recent [Coinage Space](https://x.com/i/spaces/1jMKgkwmdmyKL)