Web3 & DAO News: Week 43, 2022

Here’s the next weekly recap of significant happenings within the Web3 and DAO space all in one Twitter thread.

Subsequent threads are formatted to include the latest news, their TL;DR, and direct links for you to explore more.

Keep reading as the hub brings you up to speed with the latest Web3 happenings.

Fries DAO hacked and $2.3 million stolen — Cryptopolitan

• Fries DAO has been looted for $2.3 million in $FRIES tokens.
• Profanity’s wallet-generation tool becomes a target for crypto hackers.

FriesDAO hacked and $2.3 million stolen | Cryptopolitan

Maker founder uses influence to pass vote that breaks up the DAO — The Block

• MakerDAO voted to break up the DAO into smaller sub-DAOs.
• Founder, Rune Christensen championed the plan and has been accused of influencing vote’s outcome.

Maker founder uses influence to pass vote that breaks up the DAO

Serum is considering changes to its DAO governance — The Block

• Proposal filed to change Solana based DEX, Project Serum DAO governance.
• The proposal is to create a new governance token, and new voting and treasury management mechanisms.

Solana-based DEX Serum is considering changes to its DAO governance

ConsenSys Launches MetaMask Grants DAO — Cointelegraph

• ConsenSys commits $2.4M annually to launch MetaMask Grants DAO
• The employee-led DAO will issue grants to Web3 devs worldwide.

ConsenSys commits $2.4M annually to launch MetaMask Grants DAO

Elon Musk and Binance team up to battle Twitter’s bot problem using blockchain — TechSpot

• The largest CEX has invested $500 million in Elon Musk‘s Twitter buyout.
• The partnership allows Binance integrate social media and news into Web3.

Elon Musk and Binance team up to battle Twitter's bot problem using blockchain

There’s the recap of the latest Web3 and DAO news and their direct sources for you to #DYOR.

Next week, relevant happenings within the week will be brought to your notice by the next issue of the DIA Community News Thread.

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