Popular decentralized autonomous organization (DAO) Friends with Benefits (FWB) is rolling out a social networking application, the group announced Thursday on Twitter.

The gaming industry is on the cusp of a big moment — the free-flowing exchange of decentralized assets.

The Fujitsu Web3 Acceleration Platform offers a developmental environment, blockchain-based service APIs and high-computing technologies for startups, partner companies and universities building Web3 applications and services.

A DAO, or decentralised autonomous organization, is a type of organization designed to provide groups the freedom to independently manage their own affairs. DAO, then, is a concept for making decisions that doesn’t require a central authority.

Blockchain-based non-fungible tokens (NFT) and decentralized autonomous organizations (DAOs) can help support Japan’s national strategy dubbed ‘Cool Japan’ to attract investment and expand the economy, Prime Minister Fumio Kishida said at the House of Representatives’ Budget Committee meeting on Wednesday. Kishida said NFTs, or digital assets comprising different art forms including video, will help creators diversify their income and maintain a loyal fanbase. He was responding to questions by Masaaki Taira, a member of the Liberal Democratic Party and leader of the government’s Web3 task force, according to Cointelegraph. (forkast)

Fumio Kishida said there were “various possibilities for using Web3” in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions.

Mango Labs’ $47 million civil suit against crypto trader Avraham Eisenberg isn’t just the latest legal drama to emerge from the destructive exploit of Mango Markets. It’s also a case study in how the ideals of crypto governance take a back seat to real-world contracts law.

Shyam Narayan happens to have been successful in the launching of his metaverse venture, philanthropy DAO. This happens to be the very first one of its kind, and nothing like it ever delivered before this. The fundamental concept of venture philanthropy happens to be a structure whereby philanthropy-oriented organizations inculcate a business way of working towards the solving of social-related matters.

NYX Professional Makeup is launching an online beauty “incubator” in the form of a DAO called GORJS, as well as 1,000 Ethereum NFTs called the “FKWME Pass,” the L'Oréal-owned brand announced Thursday.

The European Union should consider legislation to recognize decentralized autonomous organizations (DAOs) that govern Web3 applications, Finland’s communications minister said during a panel at this year's World Economic Forum.