Intention aside, things go wrong. There are bugs and gimmicks, and there are still rough patches to work on.
ConstitutionDAO, a hastily formed group Bidding on an original copy of the U.S. ConstitutionRaised nearly $47 million from thousands of investors in November. But then lost auction bidThe DAO’s core team struggled to come up with a plan to return investment. contributors discussed in online group chats. The average investment was around $200, but now investors may have to pay that much to get their crypto back. (ConstitutionDAO did not respond to a request for comment.)
What is it now?
Advocates of the ideological divide on Web3 are working to impress lawmakers. Venture capitalists push policy proposals to influence officials to adopt web3. Believers in the revolution, such as Mr. Selkis of Messari, have compiled lists of politicians to support. But the movement still seems to lack a united front.
The controversy that Mr. Dorsey started last month continued online, but it has apparently begun to divert his attention elsewhere. started on thursday Bitcoin legal defense fund for developers facing “legal headaches” and Block’s Get involved in Bitcoin mining.
Andreessen Horowitz’s policy team is looking beyond Washington and issuing recommendations for global leaders on how to “be”.web3 republics.”
But crypto isn’t the only problem on every tech billionaire’s mind.
Bankman-Fried, founder of the FTX exchange, donated nearly $5 million to the Biden campaign in the last election and said he has already made “a series of donations” to the midterm campaigns. he is not planning flex his important financial muscle on behalf of web3. Instead, he said his concern was “pandemic preparedness”.
“There’s a bit of lazy thinking right now in some situations where people can just say, ‘Oh, you know, everything seems to be getting better in web3 country,'” he thought. “And I don’t know – some things will happen. But you can’t just say the word web3 and then assume that makes things better.”
