🔥a DAO for all
Zapper releases V2 with NFT, DAO dashboards, Web3 firms launch metaverse DAO and major updates from mesha.
Hi friends👋
Welcome to the mesha tribe: a biweekly newsletter by mesha that brings you the latest updates on DAO news and governance to help you take your project #ToTheMoon🚀
In this edition, we discuss:
Two major Web3 events
Best practices for managing DAOs
DAOTools to help scale your project
Updates from mesha
In the news 📰
1. Web3 companies create a metaverse DAO
As the metaverse race heats up, some prominent Web3 platforms are uniting to address the interoperability challenges plaguing the industry.
Last week, blockchain-based firms and big metaverse platforms formed an alliance called the Open Metaverse Alliance for Web3 (OMA3) to solve critical metaverse challenges and protect user data.
"OMA3’s mission is to empower a metaverse without restraining walls, where individual platforms are interconnected and interoperable," the group said in a blog post.
While OMA3 is structured like a DAO, it will operate like a consortium. The alliance has four core principles: transparency, inclusiveness, decentralization, and democratization. It will focus on metaverse blockchain-related topics such as developing standards for NFTs, protocols, transferable identity, indexing, and mapping.
Some projects joining OMA3 include Animoca Brands, Alien Worlds, Decentraland, Dapper Labs, The Sandbox, Voxels, Upland, and Wivity.
OMA3 also revealed its intention to join Metaverse Standards Forum—a newly-launched forum that aims to foster consensus-based cooperation between diverse Standards Developing Organizations (SDOs) and companies to define and align requirements and priorities for metaverse standards.
The group is now inviting all blockchain-based metaverse companies to join the alliance.
Why it matters? Collaboration is the key element to winning the metaverse race. While the ultimate goal of these alliances remains the same, how they approach it will decide how Web3 platforms operate in the space.
2. Zapper Finance releases V2 dashboard
The rise of new blockchain industries such as NFTs and DAOs has highlighted the sheer lack of tools and resources available to track and report their progress.
But firms are slowly catching up.
Last week, crypto startup Zapper Finance released its second version of its on-chain analytics platform focusing on NFTs and DAOs.
The new dashboards will allow users to track NFT collections and access a categorical overview of DAOs and assets held in their treasuries. It has also updated its DeFi dashboard to let users explore positions/returns in more than 280 apps.
Some background: Founded in 2020, Zapper Finance is a DeFi dashboard and analytics tool for tracking activity across Ethereum Virtual Machine (EVM) chains. The platform has more than 260 Web3 app integrations and has over 1 million users.
The announcement comes a year after the company raised its $15 million Series A funding round led by Framework Ventures.
DAOs are the future: The ultimate promise of DOAs is to be able to organize collective intelligence at scale. Its open, collaborative, and heterarchical structure allows for collective ownership and aligns incentives in a fair and transparent way.
Why it matters? While still in their infancy, DAOs represent an innovative approach to financing community-led projects. As more firms continue to develop tooling and reporting systems, it will become easier to manage and govern these decentralized structures.
Curated reads 📚
A DAO for Diseases: How Vibe Bio Plans to Retool Biotech Funding
Can decentralized drug research change how we treat patients with rare diseases? In this piece, CoinDesk writer David Morris talks about how one biotech firm is trying to bring financial attention to rare diseases via DAOs.
Crypto enthusiasts want publishers to move into Web3 with DAOs, but it’s not yet a successful business model
Over the years, we've seen several news publications embrace the decentralized structure of DAOs. But is it sustainable enough to compete with the traditional media's revenue streams? This article highlights some of the key challenges currently faced by Web3 publications.
DAOTools 🔨
Utopia Labs: Utopia is a payroll management tool for DAOs. The company's building a modern system for managing and automating contributor payments, expenses, and reporting for DAOs.
Automata: Automata is a decentralized service protocol for DAOs enabling anonymous voting. Its middleware-like traceless privacy services for dApps on Ethereum and Polkadot allow firms to achieve privacy, high assurance, and frictionless computation.
Updates from mesha 📢
Mesha is building the go-to financial stack for Web3.
Our smart money management platform can help your DAO or Web3 organization simplify its finances so that you can focus on building.
You can easily track your project's finances using our comprehensive on-chain treasury tools and benefit from our broad range of financial products and services like corporate crypto credit cards, DeFi, and more.
Want to try us out? Sign up for a demo 👇
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