Remember Constitution DAO and their $40M crowdsourced bid for a copy of the Constitution? A new DAO with a big idea has entered the arena: BlockbusterDAO aims to “to liberate Blockbuster and form a DAO to collectively govern the brand as we turn Blockbuster into the first-ever DeFilm streaming platform and a mainstay of both the Web3 brands and products.” ( BlockbusterDAO)
After less than a month of deliberation and voting, two decentralized autonomous organizations (DAOs) have consummated one of the biggest mergers in decentralized finance (DeFi) history. Rari ($RGT) and Fei Protocol ($TRIBE) are soon to be one protocol with two distinct teams. ( CoinDesk)
Terra (LUNA), an open-source stablecoin network, hit an all-time high of $20.05 billion in total value locked across its 13 product offerings according to industry data. On Dec. 1, Terra’s TVL was at $11.9 billion, signifying a 68% increase in less than a month. Terra is now the second-largest DeFi network behind Ethereum and ahead of Binance Smart Chain. ( Coin Telegraph)
B.Protocol is one of the many puzzle pieces in the patchwork landscape of decentralized finance. It had roughly $87 million in total value locked as of press time, according to data website DeFi Llama. ( CoinDesk)
Meta is targeting ‘deep compatibility’ with blockchain and Web 3, says incoming CTO. A senior executive at newly-branded Meta reportedly urged staff to explore ways in which the company could embrace blockchain technology. ( DeCrypt)
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