Another Trail Blazed: World’s First Charitable Ethereum-Based DAO Launched
Ethereum based startup, Trust Stamp has announced the founding of DAOTRUST. The company provides protection against identity theft, friendly-fraud and stranger-danger, by supplying a secure digital token verifying the user’s photograph, identity and trustworthiness In a press release, the company announced the founding of DAOTRUST, an Ethereum domiciled DAO (Distributed Autonomous Organization) that will administer a charitable endowment representing an initial 10% ownership stake in Trust Stamp. Why Trust Stamp is not DAO. According to the CEO of Trust Stamp, Andrew Gowasack, the company....
Related News
A British smoke and accessories shop that was already in the running for best store name has announced that it would begin accepting Bitcoin payments. Everyone Does It posted the news in mid-June, claiming to be “the first major headshop to begin accepting Bitcoin as a valid method of payment,” though Devon’s PlutoPete had blazed that trail long ago on the Darknet. EDIT began selling its wares online in 2001 and has since developed a following of ents and herbal enthusiasts. The shop’s owners claim the site gets 50 million views per month. With such numbers in play, it’s worth taking a....
Fidelity Charitable, the public charity arm of mutual fund giant Fidelity Investments, raised $7m in bitcoin donations last year. The organization launched the donation option in November 2015, enabling contributions from customers by way of their donor-advised funds. Fidelity Charitable has utilized Coinbase as a payment processor to handle bitcoin-to-dollar conversions. New statements from Fidelity Charitable indicate that those efforts have paid off. The organization said today: “To support strategic giving and as part of a broader expansion in November 2015, Fidelity Charitable began....
In our view, blockchain technology and non-fungible tokens (NFTs) present a perfect tool to revolutionize the traditional Fine Art industry, to the benefit of both artists and collectors. With this in mind, the Invictus NFT Lab’s inaugural Out of Africa collection aims to blaze the trail by facilitating, via the Ethereum blockchain, the sale of a professionally-curated collection of 118 unique physical artworks from Southern Africa’s top artistic talent. Throughout history, major socioeconomic change has largely only taken place as new generations displace older generations....
This March, New York University's Department of Media, Culture and Communication plays host to a symposium on cryptographic currencies such as Bitcoin. The symposium follows a trail that has already been blazed by other institutions of higher learning that have included cryptocurrencies into their courses or are planning to do so in the near future. Some of the institutions that have begun to take a closer look at Bitcoin and other cryptocurrencies include Ivy League universities. The Changing Nature of Money. The upcoming symposium will endeavor to debate the very question. It will also....
In 2021, there’s been a plethora of cryptocurrency-related announcements about professional sports teams, leagues, and famous athletes. On July 1, the National Basketball Association’s (NBA) Portland Trail Blazers announced the professional basketball team has partnered with the cashback blockchain firm Stormx. Portland Trail Blazers Uniforms to Feature Crypto Cashback Firm’s Logo The NBA’s Trail Blazers revealed this week that the basketball team has entered a deal with the blockchain company Stormx. Founded in 2015, the Stormx project is basically a crypto....