DAOs, DAOs, Regulation, DeFi, and DAOs


Source: Twitter/@EthereumDenver

ETHDenver 2022 has come and gone. Ethereum (ETH)The annual developer conference was brought to Denver’s Sports Castle to showcase the latest upcoming projects in the ETH ecosystem and to allow members of the community to connect with each other (and spread coronavirus).

Each year tends to focus on different trends and themes, and the 2022 installment was no different. According to attendees who spoke with cryptonews.comOne of the biggest points of contention was decentralized autonomous organizations (DAO), with industry regulation and lobbying also gaining a lot of attention.

However, it was not only particular topics that generated debate, but also particular projects and applications. And the main one of them were the platforms that combined elements of DeFi, NFTand DAO, indicating that Ethereum’s 2022 may be defined by growing synergy between different areas of the broader crypto ecosystem.

DAO entering each crypto area

According to ConsenSysCommunity Leader Matthew Wright DAOs were the most visible topic at ETHDenver this year. This includes discussion of topics within the DAO space, including DAO tools, governance, ethos, and culture.

“I personally attended events to RaidGuild, House DAO, seed club, metaposter/ Metaposter Ventures. I also presented a DAO concept for metapod that it was a DAO consortium aimed at accelerating projects in space,” he said. cryptonews.com.

Wright also mentions that there were events for Friends with benefits (FWB) and other DAOs that actually required tokens to attend or reserve a spot. To him, this was an exciting symptom of how crypto (and the world in general) is “entering this world of the metaverse/metaspace where you own on-chain assets that give you IRL [in real life] access to experiences.”

Other interesting experiments witnessed at ETHDenver included a members-only event hosted by RaidGuild, in which participants staked tokens to vote on how the beer they would drink would be made. This involved determining the flavor and hops used for the beer, as well as other characteristics, and members drank the finished product later in the event.

For Wright, these novel experiments highlight the promise of the broader Ethereum ecosystem, which is giving rise to innovative new ways of organizing and working.

“There is this deep DAO culture in Ethereum that cannot be duplicated. It is rich in values, community rituals, enforced permissions, and intrinsic value that cannot be easily transferred,” he said.

He also notes that ETHDenver testified to the fact that the Ethereum ecosystem hosts an ever-widening variety of DAOs, which can be tailored to the needs of virtually any community. This is evidenced by the fact that the top 30 finalists of the conference hackathon – BUIDLathon – included numerous DAOs, from the educational platform AcademiaONE to customer service DAO background network.

“There is no single way to break up a DAO, and we are seeing various forms of governance, structure, permissions, culture, and levels of decentralization emerging from the pathos of ‘we need to coordinate better,’” he added.

Regulation and lobbying

Continuing with the general theme of DAOs, harmony oneAdrian Robinson gave cryptonews.com his view that regulation and lobbying, as exemplified by Andrew Yang Lobby3 — was the big talking point at ETHDenver.

“When Andrew Yang mentioned Lobby3, that was the biggest topic of the entire conference. Nothing we are building matters unless we have regulations that make sense,” he said.

For Robinson, lobbying for a more accommodating and comprehensive regulatory regime should be one of the key goals for crypto right now, and ETHDenver showed that the Ethereum community is becoming more aware that something needs to be done on this front.

“The idea of ​​creating an entirely new division to handle the assets makes sense, rather than having the current [US Securities and Exchange Commission] comment on everything. Ideally it is an ‘Asset Swap Fee’ which will play nice with NFTs etc. regarding property,” he added.

promising projects

Unsurprisingly for a developer conference, ETHDenver showcased a variety of exciting projects that seem set to deepen and enrich the Ethereum ecosystem. Attendees had their own particular favorites, with platforms operating within the NFT, DeFi, and DAO sub-sectors proving to be common.

“I was a big fan of bunker.financeRobinson said. “They created a way to borrow against their NFTs.”

For Matthew Wright, who works primarily with DAO in his role at ConsenSys, some of the most exciting projects involve a decentralized organization to some degree.

“From Boardroom, Boomerang, kali dao (structure), FWB Guardian, zodiac gnosis — we’re seeing major innovations in governance, curation/interfaces, and community engagement frameworks,” he said.

Despite his preference for DAOs, Wright also acknowledges a “huge presence” of DeFi 2.0, metaverse platforms and NFTs at ETHDenver. This includes projects like crave.finance, Comfortand Element.fithe latter of which is a DeFi protocol for fixed returns (it is high USD 32 million in a Series A round starting in October).

Anyone curious about the top 30 BUIDLathon projects can check out the full list. here. It includes a handful of gaming platforms and four projects related to infrastructure and scalability, in addition to the aforementioned NFT, DeFi, and DAO applications.

Judging from this list and ETHDenver as a whole, Ethereum and its ecosystem still have more than one eye on the future. It may still be the largest layer one blockchain in terms of total value locked, but it’s hardly resting on its laurels, with Ethereum 2.0’s approach (or “consensus layer”) would probably make it one of his best years on record.
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Learn more:
What’s in store for DAOs in 2022?
Layer 2 in 2022: Prepare for stacks, bridges, new applications, life with Ethereum 2.0 and layer 3

DeFi Trends in 2022: Growing Interest, Regulation, and New Roles for DAOs, DEXs, NFTs, and Games

Metaverse Trends in 2022: Get Ready for More Games and New Virtual Experiences with NFT
NFT in 2022: From Word of the Year to Widespread Adoption and New Use Cases