• 1inch launches governance token
    Alt coins

    Decentralized exchange 1inch launches governance token

    The DEX claims that it takes ‘governance in the DeFi space to a new level’

    The launch by 1inch's independent board is a major step forward in the decentralized finance (DeFi) organization’s progress towards becoming a full-fledged DAO, or—as the announcement puts it—take “governance in the DeFi space to a new level.”

  • Ben Goertzel AI into DeFi
    Ethereum,  Innovators,  Technology

    Ben Goertzel is putting artificial intelligence into decentralized finance

    SingularityNET’s founder discusses his new DAO, sci-fi level AI coming to crypto finance, his frustration with Ethereum, and embrace of Cardano

    Decentralized AI marketplace SingularityNET has announced a new DeFi project called SingularityDAO. Modern Consensus caught up with founder and CEO Ben Goertzel via Google Hangouts to learn more about this new project, his company’s recently announced Cardano partnership, and when he thinks we’ll have superintelligent artificial intelligence.

  • Maker Foundation to dissolve
    Alt coins

    ‘Completely pointless’ Maker Foundation to dissolve

    New proposals seek to turn MakerDAO into a truly decentralized, self-sustaining organization, ending a vicious cycle of ‘urgency, apathy, distraction, and denial’

    MakerDAO founder Rune Christensen unveiled proposals yesterday that will effectively cause what he believes has become a “completely pointless” Maker Foundation to dissolve over the next few years, allowing the decentralized autonomous organization live up to its name.

  • Full MakerDAO decentralization
    Ethereum,  People,  Technology

    Full MakerDAO decentralization moves closer

    The Maker Foundation took a big step toward relinquishing authority over the DeFi lending platform by turning full control of the MKR governance token over to holders

    The Maker Foundation's decentralization announcement came hot on the heels of a post-Black Thursday debt crisis that threatened to force an emergency shutdown of the MakerDAO decentralized lending platform. That was resolved a day earlier by a reverse auction following a series of votes by MKR token holders.