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Waves founder: WX DAO will migrate to PowerDAO Protocol

Sasha Ivanov, the founder of Waves, posted on X platform that WX DAO will migrate to the PowerDAO Protocol. The DAO will be launched tomorrow and all gWX will automatically receive POWER. Sasha Ivanov also released the roadmap for WX for the next few months: launching the futures market, introducing synthetic assets, launching a USDT token, and re-enabling fiat integration.

Neutrino DAO proposal has reached quorum, aiming to transition to a proven Power DAO system

Neutrino DAO proposal has reached the required number of votes and aims to transition to a verified Power DAO system. The proposal indicates that this rigorously tested and mature system not only supports the gNSBT-centric goal but also paves the way for community-led valuable enhancements, thereby driving the future development of the protocol. After approval by the Mother DAO, 20% of the treasury growth per epoch will be converted to staked POWER through the Power protocol to reduce selling pressure. Stakers receive staked POWER (excluding development fees).

Jade Protoco members call for dissolution of DAO and liquidation of its $31 million coffers

VampireOfCrypto, a long-term member of the Jade Protocol, has suggested that the decentralized autonomous organization (DAO) liquidate its $31 million treasury and distribute redemption to token holders. Jade Protocol is an investment group that seeks early cryptocurrency transactions. Its JADE tokens are traded on the Avalanche and BSC blockchains and are currently the entry ticket to the community. According to the "dissolve DAO" call released earlier this week, JADE tokens will be liquidated. The long-term member stated, "DAO poses significant investment risks to all token holders and should be closed, with all treasury funds immediately distributed to all token holders, which is a win-win situation for everyone."

Over 2,300 registered DAOs manage a total of $17.7 billion worth of assets

Decentralized autonomous organizations (DAOs) are one of the most popular DeFi protocol governance methods. Data from DeepDAO shows that currently over 2,300 registered DAOs manage assets worth a total of $17.7 billion.

Data: Number of MUA Boarding Pass Holders Exceeds 50,000

According to official sources, MUA DAO announced that the number of MUA Boarding Pass holders has exceeded 50,000 people.It is reported that Metaverse Universal Assets (MUA) is a DAO aimed at achieving true adoption of the metaverse.

Data: The Number of Addresses Held by MUABoardingPass Exceeded 20,000

MUA DAO announced that its MUABoardingPass holders have exceeded 20,000. It is reported that Metaverse Universal Assets (MUA) is a DAO aimed at achieving true adoption of the metaverse.

Berlin-based proptech startup dao secures €1.5m in pre-seed funding to expand operations and development efforts.

Berlin-based proptech startup dao has secured €1.5m in pre-seed funding from investors including wefox's Julian Teicke and Kaufland e-commerce's Gerald Schönbucher. The funds will be used to expand the company's operations and development efforts. Co-founded by Jona Schaeffer and Mavi Teicke, dao uses AI to automate administrative tasks such as contract handling and bookkeeping, and combines technology with operations to provide property management services.

Arrests of Core Members of Chinese DAO Raises Concerns About Legal Risks and Future Regulations

Several core members of a well-known Decentralized Autonomous Organization (DAO) in China have been arrested for issuing tokens and incentivizing members, which has led to a police investigation. This could be the first instance of a DAO being implicated in criminal activity in China. The founder of the ManKun Law Firm has highlighted potential legal risks in two areas for the development of DAOs in China: fundraising and securities, and the structure of some DAOs.

Former BitMEX CEO Arthur Hayes predicts AI-powered DAOs will revolutionize economic entities

Arthur Hayes, former CEO of BitMEX and current CIO of Maelstrom, has stated that AI-powered DAOs (decentralized autonomous organizations) will transform the way economic entities are structured and funded. Traditional company structures are not well-suited for AI-driven entities, which do not have physical bodies and cannot be coerced or punished by state-enforced contracts. Instead, AI DAOs will use smart contracts on public blockchains to provide services for a fee, allowing them to be self-governing and enforce their own rules. Hayes predicts that DAO capital markets will become the first truly global markets, with decentralized exchanges dominating the trading of various DAO-issued tokens. He believes that the future AI-powered economy will grow into a market of trillions of dollars within the next decade, leading to a surge in the price of Ethereum's native tokens.