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BitDAO delivers modular Ethereum Layer 2 network Mantle


BitDAO takes the opportunity of carrying out its delivery of modular Ethereum Layer 2 Mantle, which will, in the case scenario, be instrumental in the delivery of much quicker transactions. The offer will also be with regards to much less of a price tag attached to it.   To understand the true...

Game7 Launches $100 Million Grants Program to Push Web3 Gaming Development


Game7, a blockchain gaming-focused DAO (decentralized autonomous organization) has announced the launch of a $100 million grants program. The objective of this grants program is to support the Web3 gaming community in these times of market downturn and to advance the adoption of blockchain gaming...

XDAO closes $2.3 million seed round


On November 26th, XDAO announced that it had raised a $2.3 million seed round. XDAO is a Singapore-based firm that develops and manages tools for creating Decentralized Autonomous Organizations (DAOs). Investors like Hello Telos, PANONY Group, Grizzly Capital, Afford Capital, YellowRocksVC, Crypto...

MakerDAO expects $1.5M bad debt after FTX’s liquidity crisis!


MakerDAO, the largest decentralized finance protocol, has announced plans to liquidate heavily leveraged vaults to prevent excessive bad debt. They tweeted:   “Due to liquidations being previously disabled on the mentioned vault types, some positions accrued interest above their collateral value...

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