New research expects a gloomy year for Bitcoin as DeFi and DAOs rise
On the brighter side, DeFi will continue to expand and adapt, with DAO governance eventually becoming a major driver of activity. Another major player in the cryptocurrency world is forecasting a dismal year for Bitcoin (BTC) in 2022. Following the United States Federal Reserve’s and other central banks’ tightening of liquidity measures, Huobi Research believes that BTC will enter a bear market. On the brighter side, decentralized finance (DeFi) will continue to expand and adapt, with decentralized autonomous organization (DAO) governance eventually becoming a major driver of activity on....
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In a recent report, a project known as PrimeDAO is planning to launch a platform where many DAOs in the DeFi sector can meet for greater cooperation and coordination. DAOs are becoming an integral part of the crypto industry. These organizations serve many purposes such as fundraising, investments, buying NFTs, Charity,gog or Borrowing. All these […]
DAO: Decentralized. Autonomous. Organization.The whole phrase is a misnomer. Theyre not decentralized, not autonomous and they are not organizations, Monsterplay blockchain consultancy founder David Freuden tells Magazine.Freuden co-authored a 51-page report on DAOs in May 2020 in an attempt to help realize their potential.We need DAOs, he explains. The idea of shareholder first is only a 1980s/1990s concept. Companies became about profits, not products.He foresaw big things for DAOs and much has changed nearly two years later. By the end of 2021, DAOs had more than 1.6 million....
There are over 4,000 active DAOs, with treasuries totaling around $20 billion, which has many speculating that DAOs may still be a growing trend. Decentralized autonomous organizations, or DAOs, have caught the imagination of many in the blockchain industry. What was once just a theory talked about on internet forums in the early days of the blockchain revolution has become a growing trend in how organizations form. Cointelegraph Research has unveiled a primer on DAOs, exploring their historical origins up through how they are currently impacting the cryptoverse.There has been a massive....
“If DeFi aims to reduce regulatory risk, the form of DeFi governance will gradually become a DAO,” writes KuCoin Labs in its annual report. KuCoin Labs, the investment and research arm of crypto exchange KuCoin, has released its annual report, predictin that decentralized finance (DeFi) will still be a significant trend in the crypto industry in 2022 and governance will be run through decentralized autonomous organizations (DAOs).With the DeFi ecosystem continuing to be plagued by criminal whales, the risks of financial loss within the sector are becoming more apparent. Because of this,....
Will 2022 be the year of DAOs? 2021 was certainly a blazing start. The blockchain-related explosive and disruptive innovations seem to come from a shared ontological hunger: that deeper side of the human being that urges us to fill in the void that makes us so different from other animals species. Spoiler alert: the void cannot be filled. But trying –creating, innovating, going against the system, etc– to make something with it is what keeps us moving, conscious, and alive. The opposite is to become purposeless zombies that do exactly everything they’re told to do. What You Should....