Cardano Foundation’s Post

The Aragon DAO crisis is one of the most talked-about upheavals in the DAO community. In 2017, Aragon’s token sale raised 275,000 ETH in a mere 26 minutes. Since its launch in 2017, Aragon has facilitated the creation and development of over 1,500 DAOs. Aragon's once revolutionary governance model began to exhibit signs of strain. The crisis offers several key lessons, particularly for organizations operating in the Web3 space and those utilizing decentralized governance models: Read more about the BreakDAOwn 👇 https://lnkd.in/dnnj2ZsX

FUNDRAISING ROUNDS: June 29 - July 6💰 Here are the latest #Crypto fundraising rounds in the last 7d 🔥 #OpenLedger, #Prodia, #Sentient

📣 Gitcoin's Kevin O. gave a fascinating TED Talk to explain what a powerful tool Quadratic Funding (QF) could be 🤩 But what exactly is QF? 👇 📢 Invented by Vitalik Buterin, E. Glen Weyl, and Zoë Hitzig, Quadratic Funding is a mechanism for crowdfunding public goods by matching community contributions with a larger prize pool ✨ QF puts a greater emphasis on the number of contributions than on the collected amounts Listen to the full talk to learn why QF is one of the most equitable and inclusive public goods mechanisms in existence 👇 https://lnkd.in/gyektEDw

We are thrilled to announce that Endaoment has successfully completed its first fiscal audit as a California 501(c)3 nonprofit organization. 🎉 This regulatory requirement, triggered by surpassing $2 million in donations, provided an excellent opportunity to showcase the benefits of onchain giving and the transparency it enables. The process of educating our auditors about digital assets and our unique ecosystem, comprised of thousands of smart contracts, was a significant undertaking. It required a deep understanding of not only blockchain accounting but also the operational dynamics of our contract architecture. We worked closely with two crypto accounting specialists and our fiat bookkeeping service, Pilot.com. Switching to Hyperion mid-process highlighted the unique challenges of auditing onchain operations, and their adaptability was invaluable. Though challenging, this experience reinforces the potential of smart contracts to enhance trust & accountability in giving. With finances recorded immutably on the blockchain, donors can have confidence that their contributions are being managed as intended. As we embark on similar audits for 2022 and beyond, we remain committed to leveraging emerging technologies to foster a culture of transparency and trust, and set a new example for accountability in the nonprofit sector. Read the full story as told by COO Zach Bronstein on our Mirror blog → https://lnkd.in/eB48QWNP Ready to experience onchain giving for yourself? Get started now → https://lnkd.in/emBscmau

✨ New DCF Blog Post ✨ Join us in exploring Quadratic Funding (QF), a revolutionary model designed to democratize funding by making every contribution count, no matter the size💸 📈 How does QF work? Each contributor donates to a project they believe in, and matching funds are distributed based on the number of unique contributors, not just the amount raised. This ensures popular projects receive the most support! 🔢 The magic of QF lies in the formula: Projects with more individual donations receive exponentially more matching funds. Even a small donation of $5 could have a bigger impact than a single $500 donation! 🌍 Why does QF matter? QF helps to decentralize funding, ensuring projects that benefit the community have a better chance of succeeding—creating a more equitable and sustainable ecosystem. 🌱 🚀 Gitcoin is one of the best-known QF proponents and infrastructure providers 👏 It has helped hundreds of protocols perform QF rounds, including Optimism Foundation, Protocol Labs, Uniswap Labs, Coinbase, and Polygon Labs 🎆 🏗️ Other QF infrastructure providers are: ✅ Giveth ✅ Endaoment ✅ Dora Factory & DoraHacks 💡 While QF has its challenges, e.g., prone to Sybil attacks, its potential to reshape how we fund public goods is undeniable. This is only the beginning of Web3-powered innovation! 🫨 💙 The future of public goods funding in Web3 looks bright. Read the full article to learn why QF is one of the most transparent, inclusive, and fair mechanisms for public goods funding 👇 🔔 Make sure to subscribe to the DCF Monthly Newsletter to stay in the loop with our latest publications and analyses 📩 https://lnkd.in/gTZ6Wvcf https://lnkd.in/dBRsyqPy

Since I started in Web3 years ago, one massive fundraising change is GRANTS. The days of 2017 where you put together a swanky website, get a bit of angel money, then raise $100m USD from an ICO are gone. Projects are now flinging round grants constantly (typically random L1 blockchains) in an attempt to grab ecosystem market share. Fancy $500k USD for your multi-chain project? Sure here it is - just make sure our chain is your building focus. The Web3.0 can be an odd industry sometimes... Definitely a grant bubble right now.

In a landmark expansion to our onchain donor-advised funds (DAFs), Endaoment has introduced traditional investments like index funds, money markets, impact investments, and fixed income alongside digital assets. Previously, Endaoment DAFs grew through crypto. Now, we've added 15 traditional portfolio options for donors to support their favorite nonprofits effectively. 🏦 Explore available portfolios → https://lnkd.in/eWT7vSPs This update brings a new dimension to our platform, providing donors with an industry-leading array of choices in a dynamic market, including: 📄 Index Funds: Hold a broad mix of assets across the entire market to build a diversified position. 💰 Money Markets: Earn interest on short term borrowing and lending instruments. 🌏 Impact Investments: Grow donated assets by investing in companies that are committed to impact. 🔓 Fixed Income: Regular, predetermined payments on deposited capital generated from bonds. 📝 Read more: "In Pursuit of Parity" Our CEO, Robbie Heeger, shared his perspective on this milestone in our journey to develop onchain DAFs that match and surpass traditional expectations: https://lnkd.in/eNygrmPG We invite nonprofits, financial advisors, and donors alike to discover Endaoment's innovative solutions and become part of our growing community. To learn more or get started, feel free to reach out: 💬 Send us a LinkedIn Message 📧 Email: partnerships@endaoment.org 👾 Join our Discord community: https://lnkd.in/e3Gvdgsg If you share our excitement about the evolution of charitable giving, please help us spread the message by sharing this post with your network. Your support is greatly appreciated as we work to make philanthropy more accessible, transparent, and impactful.

GPs taking $25K LP checks - Just met with a new addition of my LP collective community, she is looking to deploy into: -Climate funds -Frontier tech funds -Devtool focused funds. Especially supportive of female and underrepresented GPs. Has a background as an ML engineer, and directly invests small checks as an angel. If you are a GP raising a fund in one of these areas, feel free to shoot me an email at mike@mikemaccombie.com with the exact title: "GP open to $25K LP Checks" and include: -Which of these sectors you are focused on. -Blurb on your fund -Deck if you have one.

🚀 Exciting news, #TechForGood community! We're exploring a game-changing idea: $OPP (Opportunity Currency)! 🌟 Imagine earning digital tokens for: ✅ Participating in hackathons ✅ Volunteering at nonprofits ✅ Contributing to open-source projects OPP could revolutionize how we recognize and reward social impact: 🔗 Blockchain-based for transparency 🌐 Usable across multiple platforms 🤝 Convertible to real-world value Help us shape the future of social good incentives! What features would you want to see in $OPP? https://lnkd.in/gZJ-xbzf

🔎 Focus on Public Goods Funding within Cosmos 🔎 Did you know that ATOM Accelerator DAO, the Growth DAO of Cosmos Hub, is offering grants to drive value and boost community engagement across the ATOM Economic Zone (AEZ)? 🤔 One of its latest grantees is Drops 👇 🛎️ Drops encourages UGC through incentivized bounties. Their mission is to amplify project awareness by motivating users to complete tasks, earn points, and compete for leaderboard prizes. 🛎️ The ATOM 5K Quests campaign is a three-month initiative aimed at increasing user engagement on Cosmos Hub and the Atom Economic Zone (AEZ). It leverages the Drops bounties platform to encourage user-generated content (UGC) and boost ATOM staking through gamified tasks. 🛎️ Campaign Mechanics: Users earn points by completing tasks on Drops. Notably, the platform uses a multiplier mechanic, rewarding participants for referring others. 🛎️ Drops, having prior experience with Cosmos SDK, will also enable campaigns that track on-chain $ATOM balances, tying staking participation directly into user incentives. 🤓 Do you have an idea for a Cosmos public goods project? Reach out and tell us more 👇