“KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to announce that the Company has become a member of the MetaCartel Ventures Decentralised Autonomous Organisation (“MCV” or “MCV DAO”), by contributing US $199,119.54 into the entity and receiving 4,938 MCV shares in return, representing an interest of 7.85% in the MCV DAO.
The MCV is a for-profit DAO, created by Ethereum’s ‘MetaCartel’ community for the purposes of making investments into early stage decentralized applications, being an exciting new development in blockchain venture funding.
This project is a new way for individuals and entities to coordinate funding, labour, time and social capital through an on-chain managed organisation. MCV is formed as a hybrid organisation made up of blockchain smart contract code and a traditional corporate structure.”
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“Who controls our data? The capture of so much information placed in the hands of so few is the most pressing technological issue of our age. The problem gives rise to weekly privacy scandals, has super-charged the growth of trillion dollar tech oligopolies and plays one of the most decisive roles in democratic outcomes.
But if it’s control of data you are worried about, then the privacy movement suffers from a strategic flaw. The reason we have a data economy is because data is valuable. Not just in an overtly comercial way but, as we’ve seen with COVID-19, it is socially valuable, too. The generation and distribution of information benefits us all.
What the movement has been unable to facilitate is to allow ordinary individuals to actively share their data with others and, most importantly, share in the proceeds of an economy already valued in the hundreds of billions.
We shouldn’t demand a tithe, we should take back control of our data. In fact, a handful of (mainly) crypto organizations are doing just this.”
“A new strategic partnership will see the firm implement Denver, Colo.-based Crusoe Energy Systems’ digital flare mitigation technology. This converts waste natural gas that would be otherwise released into the atmosphere into electricity at the well site.
Mining cryptocurrency requires a lot of electricity to power computers, while a valuable commodity is wasted, and carbon emissions are created when we flare. Crusoe’s digital flare mitigation offers a win-win alternative for producers and investors alike.“
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“Already live on its foreign exchange trading platform, SBI FX Trade, the contracts come in bitcoin (BTC), ether (ETH) and XRP flavors. CFDs are very short-term contracts that pay the difference in price between the open and closing trades.
Orders can be placed around the clock on any day of the week.”
“The DeFi community is now banding together to help support public goods funding, a problem that has plagued open source development since inception.
Yam Finance, a yield farmers paradise which aggregated $600M in TVL in less than 48 hours, will direct 1% of its future treasury to Gitcoin Grants’s public goods funding upon its forthcoming V3 migration.
By properly funding the infrastructure, the YAM/YFI stakeholders are contributing to the public good of the Ethereum ecosystem.”
“On Aug. 28, the money market protocol Aave (LEND) listed YFI. Aave is the largest DeFi protocol in the global market with more than $1.52 billion in total value locked.
Atop the new listing, yearn.finance developer Andre Cronje said he is collaborating with FTX CEO Sam Bankman-Fried.
Guess the cat is out of the bag, but just so that there is some expectation management, this is a long roadmap that we are working on, so it won’t be anything anytime soon. But there will be something very sexy in the future.
Throughout the past month, yearn.finance and its main developer Cronje has pushed out many products ranging from vaults to decentralized insurance.”
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“Total value locked is often considered a measure of the popularity of a DeFi protocol and the sector as a whole. However, measuring it in U.S. dollars means that any token price increase will also drive TVL up — even though no new assets were committed to the protocol.
DappRadar’s adjusted TVL fixes all assets in a protocol at their price from 90 days before. Any growth or loss in this adjusted value in a 90 day period can thus only come from net flows of assets and not their price change.
Adjusted TVL paints a slightly less optimistic picture than a face-value reading would suggest. Out of the $7.3 billion in nominal TVL, adjusted TVL only accounts for $3.9 billion. This suggests that the remaining $3.4 billion simply came from price rallies of existing assets in the last three months.”
“The transaction, which occurred on OpenSea’s token marketplace, was completed by a user named Maxstealth. Currently, he owns 196 .crypto domains in total.
The buyer most likely believes in the future of decentralized domains and is betting big on the price appreciation. This may pay serious dividends if its traditional DNS counterpart is anything to go by — sex.com is worth over $12 million according to some estimates.”
“The new model introduces Oracle Pools, which are capable of incentivizing good and disincentivizing bad behavior.
The idea involves major players in the DeFi ecosystem donating funds to the oracle pools that they find useful. Then, the data providers get compensated with the funds from the pool. If a data provider feeds low-quality data, his stake can get ‘slashed.'”
The Disrupt 