DeFi Alliance, a crypto-focused startup-accelerator is evolving into a decentralized autonomous organization (DAO) focused on Web3 projects following a $50 million raise. According to an official announcement on Thursday, DeFi Alliance rebranded itself ‘AllianceDAO’ with support from over 300 backers from top crypto leaders such as Gemini co-founders Cameron and Tyler Winklevoss, OxMaki from Sushi’s founding team, Crypto.com co-founder Bobby Bao, OpenSea CEO Devin Finzer, Terra founder Do Kwon, and Libra co-creator Morgan Beller. The reason for the rebrand includes growing the Web3 ecosystem to over one billion users. The DAO also intends to provide governance, recruiting, liquidity, marketing, advisory, or other potential startup support services in the near future. Commenting on the development, Dane Lund, the DAO‘s head architect, said: “We will be building the infrastructure for an ecosystem that encourages the best Web3 founders to receive accelerator services and then remain as mentors to later founders. We also aim to attract other DAO Contributors (builders, subject matter experts, and service providers) to join to provide support for Web3 founders.” “By creating a DAO, we are able to distribute the work of supporting founders even further and permit contributors to have a more direct stake in the outcome of their efforts, which incentivizes high-quality contribution,” Lund said. Initially launched in April 2020 as the Chicago DeFi Alliance, the organization has included in its accelerator program 0x, dYdX, Kyber Network, IDEX, Olympus DAO, Sushiswap, and Synthetix. In the coming months, Alliance DAO will release documentation to explain how the DAO will operate, its governance structure, and its services.

The post DeFi Alliance Goes Full DAO After $50M Raise appeared first on Cryptoknowmics-Crypto News and Media Platform.

Kyiv on Friday reported a massive cyber attack on key government websites as tensions between Russia and the West over Ukraine escalate following several rounds of unsuccessful talks.

The education ministry said on Facebook that its website was down due to a "global (cyber) attack" that had taken place overnight.

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Cyberattacks from North Korea have increased substantially from 2020 to 2021, according to a report on Moneycontrol.com, The number of hacks originating from North Korea surged from four to seven, constituting an increase of 40%, says a report released on Thursday. 40% surge in the hacking incidents in one year The report revealed that the much-sanctioned

The post North Korean Hackers Embezzled $400 Million In Cryptocurrency Last Year – Report appeared first on CoinGape.

Phanta Bears is an algorithmically-generated collection of 10,000 colorful bears on the Ethereum blockchain.  Nowadays, non-fungible token (NFT) collections can rarely compete with aesthetics alone as collectors’ tastes for virtual assets continue to evolve. Exclusive perks, benefits, and a dose of a celebrity’s star power are now the main elements that usually push collections to impressive […]

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Woman-led startup aims to disrupt the video games industry by empowering users to create their own purposeful video games

(PRWeb January 14, 2022)

Read the full story at https://www.prweb.com/releases/2022/1/prweb18425989.htm

Looking to expand its goal of growing Web3, DeFi Alliance turns to the DAO methodology and rebrands as Alliance DAO.

The financial services company has started sketching some plans for solving the industry’s most pressing pain points.

The Swiss National Bank and five other giant banks informed they managed to integrate CBDCs into the banking systems.

Grab your bow and jump into the virtual arena. This week, developer Normal VR (Half+Half) unveiled its latest VR game, NOCK. Coming “soon” to the Quest platform, the multiplayer VR experience looks a lot like the popular vehicular soccer game Rocket League, only instead of driving rocket-powered cars, players instead use a bow and arrow […]

The post Rocket League Meets Archery Meets VR In NOCK, Coming Soon To Quest appeared first on VRScout.

INTERNET CITY, DUBAI, Jan. 12, 2022 – LBank Exchange, a global digital asset trading platform, will list Woonkly Power (WOOP) on January 17, 2022. For all users of LBank Exchange, the WOOP/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on January 17, 2022. NFT (Non-Fungible Token) market has become one of...

The post LBank Exchange Will List Woonkly Power (WOOP) on January 17, 2022 appeared first on Live Bitcoin News.

Australian professional poker player Michael Addamo has continued his rich vein of form by winning the Super Millions on GG Poker, taking home more than $500,000.