Ethereum’s Vitalik Buterin Reveals Vision for ApeCoin, Zuzalu, and Other DAOs

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As an analyst with years of experience in the crypto industry, I find Vitalik Buterin’s latest proposals for DAOs intriguing and potentially groundbreaking. His vision for a more decentralized and permissionless formal membership system within DAOs aligns with my belief that blockchain technology should be as inclusive and accessible as possible.

Vitalik Buterin, one of Ethereum‘s co-creators, expressed his desire on Monday to see future Decentralized Autonomous Organizations (DAOs) having multiple methods for achieving highly decentralized and open membership. Buterin points out that all currencies currently require some level of permission, and there exists a tradeoff spectrum between the levels of permissionedness similar to that of ApeCoin and ZuVillage.

Vitalik Buterin Proposes Quadratic Funding Style For DAO

Vitalik Buterin, one of Ethereum’s co-founders, recently commented on a post about various degrees of control in governance forums for Decentralized Autonomous Organizations (DAOs). Due to the open nature of top DAO projects, he suggested that “strict moderation” is necessary because the forum often becomes flooded with spam and promotional content.

Zuzalu is known for its advanced structure, divided into three tiers of access, where individuals who haven’t participated in any Pop-Up City event are not granted entry at all.

Concurrently, the governance structure of ApeCoin is accessible to everyone within Web3, while Arbitrum DAO welcomes participation from individuals worldwide. However, this openness potentially exposes the projects and their participants to certain risks.

Vitalik Buterin asserts that all currencies require approval from their current owners before someone can acquire them, a concept often referred to as being “permissioned.” He also notes that there’s a constant balance or trade-off between the levels of permission required for ApeCoin and ZuVillage, which differ in terms of how restricted or open they are.

Consider exploring a quadratic funding method, where the contribution weight is based on current membership points, as a way to accumulate more membership points. It’s an idea that I think could be fascinating to test within Optimism Citizens’ House, Zuzalu communities, and other Decentralized Autonomous Organizations (DAOs).

He thinks that DAO needs more ways to have formalized membership that are highly decentralized and permissionless. Also, the decentralization must not be restricted to token holdings only.

ApeCoin, Arbitrum, and Optimism Prices To Rally?

Vitalik Buterin is increasingly visible on social platforms, outlining his plans and direction for Ethereum. His statements seem to boost the value of ETH and spark a positive trend among other digital currencies. In recent times, Buterin has disclosed some key aspects of Ethereum’s future.

As a researcher, I’ve observed a staggering 110% surge in the value of APE over the past week, following the announcement of ApeChain, a layer-3 blockchain on Arbitrum Orbit by the ApeCoin DAO. Currently, the price stands at $1.61, representing a 6% increase. Over the last 24 hours, the price has fluctuated between $1.37 (the low) and $1.74 (the high).

ARB price jumped 1% in the last 24 hours and 7% in a week. The price is trading at $0.5883, with a trading volume soaring 95% over the last day.

Over the past month, I’ve noticed that the price of Optimism (OP) has struggled to gain traction, managing only a 3% increase. Currently, each OP token is worth around $1.74. However, things are looking promising as Vitalik Buterin recently endorsed Optimism’s SuperchainERC20 update. This update is set to boost Ethereum’s layer-2 scalability and interoperability, which could potentially drive up the value of OP in the future.

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2024-10-21 17:02