Report: Less than 1% of all holders own 90% of DAOs voting power
Recent analysis says less than 1% of holders own 90% of the voting power in DAOs, emphasizing how concentrated decision-making authority is. To create a proposal, a user must own between 0.1 percent and 1 percent of the total amount of tokens in circulation, and to pass it, they must hold between 1 percent and […]
Snoop Dogg and Eminem adopt BAYC characters in recent music video
In the latest semi-animated music video titled From The D 2 The LBC, Eminem and Snoop Dogg remarkably resemble Bored Apes. Snoop Dogg and Eminem, both of whom are Dr. Dre’s proteges, looked to have animosity against one another barely a year and a half ago. The renowned rappers are now featured in a new […]
SOL smartphone saga prompts varied responses from crypto community
The community responded to SOL (Solana) new Web3 phone by bringing up network disruptions and making comparisons to Apple and Ethereum. The Solana (SOL) team announced Saga, an Android mobile device that would be released with the project’s most recent stack for Web3 developers, the Solana Mobile Stack, bringing mobile phones to Web3. The community […]
RUNE, THORChain token increase by 16% after mainnet debut
Since the project announced the formal launch of its mainnet on June 22, the price of THORChain’s token RUNE has increased by 16%. The mainnet launch was announced on Wednesday along with the introduction of a “Rune in a Million Campaign” on Binance, which offers users of the exchange a total of $1 million in […]
Hackers steal $100M from Harmony’s Horizon Bridge
A $100 million worth of altcoins have been obtained through Harmony’s Horizon Bridge and are being exchanged for ether (ETH). The hack might prove the community’s earlier worries about the reliability of the two of four multisig that purportedly safeguard the bridge to be unfounded. There were 11 transactions conducted from the bridge for different […]