GM fam 🔆 This Week in Web3 is back to help you stay informed about the ever-evolving web3 world with some resources and opportunities to get you running in web3. 🏃
Subscribe to This Week In Web3 & get the best Web3 resources + jobs + conversations delivered straight to your inbox 📬
For you and Posty this week👇
Weekly Web3 Updates
ApeCoin DAO and AzukiDAO
Win $500K 💰
Weekly Product Spotlight & Jobs
Estimated Reading Time:3:20 minutes
Weekly weather report 🌤
Quick Web3 updates curated for you:
👾 AI-generated fake news sparks rumours of Gary Gensler’s resignation
But the good news is there's no bad blood here. Siu and Ohanian gave their replacements a hearty thumbs up. 👍
ApeCoin holders are also considering a proposal for a salary cut for Council members who are currently pocketing a cool $20,000 each month. 👀
The Staking Delay 🤨
The APE Foundation announced an ApeCoin staking system to launch in Autumn. But the delay has fans more hungry. 💀
The community is asking for more information on the dates and stages of development, selection processes, costs, and launch details.
They're also worried about APE staking lining up perfectly with ApeCoin's "launch partners" APE unlocks.
The DAO Show Must Go On 🎤
Okay, controversies or not, ApeCoin DAO is still a headliner in the crypto-verse. And it is one of the DAOs that’s seen as a key player in shaping the future of decentralised governance.
In our 50 cents, ApeCoin DAO is undoubtedly experiencing some turbulence, but it is in a unique position to demonstrate if and how the DAO model can succeed. So, let’s have our hopes high. 🤞
AzukiDAO Wants Money Back! 💰
Azuki fans formed AzukiDAO, demanding 20,000 Ether from the founder, Alex "Zagabond" Xu. They accuse him of "rugging" - ditching projects and disappearing with the funds. The drama traces back to Azuki's "Elementals" NFT collection launch on June 27. 👀
The Perfect NFT Riot Recipe 😤
This is what happened on Elementals launch 👇
A short presale window + website glitches during the minting + art that is basic+ The concern about potential value dilution from adding 20,000 new NFTs to the existing pool = The perfect NFT riot recipe.
What happened after this chaos? The project team allegedly transferred 20,000 ETH after the collection was minted. And the AzukiDAO has a proposal in place to get it all back!
The proposal has majority support, with 88.11% votes in favour. However, Azuki holders believe that the DAO is either “fake or a group with malicious intent.” 👀 Well, we’ll have to see about that!
If you liked reading this, feel free to click the ❤️ button on this post or restack it so more people can discover it on Substack 👇
🚀 Flow to The Future and win $500K in prizes 🚀
Flow is a fast, decentralized, and developer-friendly platform powering a new generation of games, apps, and digital assets, featuring a unique architecture that scales without sharding, ensuring speed, throughput, and a developer-friendly environment.
Are you an ambitious web3 builder? 🛠
The Flow to the Future Hackathon is your golden ticket into the groundbreaking world of Web3. Fueled by Flow's Cadence - a revolutionary smart contract programming language - this challenge is all about leveraging safer, more reliable on-chain logic to build innovative, sophisticated, and user-friendly dApps. ✨
Choose your arena 👉 Gaming, AI, Mobile, DeFi, Ecosystem Tooling and Infrastructure, and Everything else you can think of!
🏆 A total of $500K in prizes
🗓 From June 15 to July 15
👩💻 Primarily online, with some worldwide IRL venues
Taking part in the hackathon brings you one step closer to the Flow Incubation Program! What are you waiting for? 👇
A sophisticated AI model that brings smart solutions to your crypto and blockchain needs.
Provides blockchain analytics, AI-driven trading, smart contract development, and AI auditing services.
Fetches real-time on-chain data, cryptocurrency prices, and fresh news and research.
Soon-to-be-launched $CGPT token enables access to ChainGPT's services which can be acquired by staking, farming, or selling tokens on the ChainGPT marketplace.
Got a product you want to get on our 34K+ readers’ radar? Reach out to us at gm@spacekayak.xyz and spill the beans - let's get your product the hype it deserves! 🚀
✨ Get GRANTS For Your Projects✨
Catch Sriharsha Karamchati, co-founder of Questbook & leads compound grants, talk about how grants work, how to nail a proposal & the success stories that come with it!
Listen to the full episode here👇
If you liked this episode or found it useful, Support us in making web3 accessible for all 👇
Like the newsletter? You'd love the writers behind it. Follow the editorial team at Spacekayak and get with the creative team for early-stage web3 founders.
