Photo courtesy Hooman Motevalli

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DAOs everyone has heard of them, but what are they, and why are they poised to change how we work and create businesses? With the metaverse mixed with Web 3 allowing society to create a more immersive and interactive space, leaders cant ignore the rise of the 21st century. As it branches into arteries packed full of potential, we turned to expert Hooman Motevalli to find out why innovative creatives and thinkers should turn to the future of DAO to build business success and more.

If everyone knew all the brain mechanisms in great detail, imagine what our world would look like. We are so used to a world where we just go with the motions but never stop to think, appreciate, or recognize the power we have within us, shares business magnate Hooman Motevalli.

But if we observe, study, develop precisely and continue to be curious we can grow and become motivated to be and do greater things. Having curiosity is indeed powerful. It can help us develop and build relationships to create more innovative solutions.

To help further define this, the online creator economy is driving new ideas across industries, shifting definitions of work, and providing revolutionary and successful avenues to explode generating countless ideas to fly.

As more individuals take a stand, producing resolutions to our worlds most dire concerns, having a top-down because I said so approach to business seems to be slowly slipping away. With a background in the arts and sports world, Hooman Motevallis predictive view of the human mind witnessed first-hand how performers mindsets changed in a team or group effort.

There is a big gap between rare real top leaders and their followers, explains Motevalli. For one, confidence without clarity is a big problem, and to have clarity of perception is very important in todays ever-changing world, one renowned for a host of concerns.

Our current world is so far from the ideal, as its the product of bad decisions made by some of our worlds decision makers who should not be in those positions, he continues. Even most managers, directors, and people dont perceive they just try their best to follow the instructions.

Instead, he foresaw a surge whereby curious entrepreneurs would become more independent bosses, working together on an equal plain. Fast forward to today, the current Director at HSP Holdings, Hooman Motevalli, who has spent a near decade in the investment management industry, aims to help others unleash their full potential by giving peoples great ideas a chance to succeed.

As a successful entrepreneur, author, and trainer, his curiosity about the world has allowed him to extend his innovative insights further into the metaverse. One of its arteries stems into Decentralized Autonomous Organizations (DAO) a new iteration defined by permissionless, collective governance and decentralized finance that will allow people to be connected anytime and anywhere.

To find out more, we sat down with expert Hooman Motevalli to unearth four reasons why leaders or innovators should consider DAO an opportunity worth pursuing.

When first glancing at a DAOs infrastructure, things can look quite different compared to the traditional 9-5 office space. One of the main attractions is that its architecture forms one unified decentralized unit.

Held by participating members, with decisions being tallied upon and rules enforced through a particular type of contract, everything could be collectively owned.

There is no central authority when it comes to making decisions. The improvements on the platform are decided through a system where every individual holds equal rights to propose changes to the system. Whether critical or a regular decision, the final call could be based on every members opinion.

As decisions get made from the bottom up through voting processes on blockchain networks, all transactions, findings, and other activities on the platform are recorded. The community can easily access them.

This system allows people to put forward their innovative ideas and thinking worldwide. In other words, compared to traditional organizations, DAOs offer greater transparency.

For example, suppose it was set up as a fundraiser due to the DAOs documentation settling on a public blockchain. In that case, members can understand what happened with each transaction and ensure that the funds are used for the purpose they were raised.

DAO uses algorithms based on intelligent contracts (agreements) that initiate when certain conditions are met. These establish the rules of the organization.

Once created and set in place, the smart contract guarantees that all DAO activities abide by pre-coded rules. The smart contract can only be changed via a vote by all involved members. This eliminates human error from the equation and prevents the manipulation of funds two problems centralized organizations often face.

With a common goal to act in the entitys best interest, people within the community can operate transactions without needing any kind of third party or law practitioner.

This gives participants or stakeholders in the specific DAO a sense of ownership. As a result, they can encourage other members to be innovative and set new examples for financial rewards in return for participating in the first place.

The advantage of this, again, stems down to collaboration. Every member of a DAO can submit their proposals for improvement and changes in the set agreement.

To conclude, DAOs dont restrict decision-making privileges and instead invite all members of equal parties to join together and unite over a shared common interest, passion, or project.

Overall, the metaverses rise is becoming increasingly popular as lighthouse customers are already experiencing its real-life pros. The definition may remain easy and fluid on the tongue, but its impact is already profound as millions enter the curious Web 3 world.

Thanks to HSP Holdings, an investment company aimed at developing and launching either start-ups or innovative projects that promise to deliver positive change, their high-level blockchain and AI software, DAO platforms, and more innovators looking for a way in now have a chance to succeed.

I believe that the edge of tech and the ones with very bright futures, like Blockchain and DAO, could help to fill out this gap and help to overcome many current issues at the quickest possible time, Motevalli shares.

Our DAO was funded notably several months ago. Recently, I have been working on a DAO-based Metaverse, in which most of its lands are real, and this attribute differentiates it from most others out there. It will be a major competitor among the top three on the market.

After two decades of activity in the high-tech area, delivering tens of promising projects, his focus on Blockchain tech since 2017 has produced life-changing results. From providing and investing in high-level Metaverse platforms, NFT marketplaces, and more, the future for creatives curious potential has never looked so bright.

For more information, head to the new HSP Holdings website here. Or connect with Hooman Motevalli here.

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4 reasons why DAO development should be on your business to-do ... - Digital Journal

Six individuals seeking to overturn the United States Treasurys decision to sanction crypto mixer Tornado Cash have just relayed four key arguments in support of their motion.

In a May 24 filingin support of a prior motion for partial summary judgment, the individuals argue that the case is not about carving out special rules for new technology but rather was a case of government overreach and a breach of First Amendment rights.

Coinbases chief legal officer, Paul Grewal, summarized the arguments in a Twitter thread soon after, arguing that the government is seeking to use a property sanctions statute to ban open-source software which is contrary to the intentions of the law.

Coinbase has backed the lawsuit against the U.S. Department of Treasury, which was first filed on Sept. 8, 2022.The six plaintiffs behind the filing are Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon, Kevin Vitale and Nate Welch. The filing detailed that most of the group had previously interacted with Tornado Cash.

The first of these arguments relate to the Treasurys attempt to classify Tornado Cash as a foreign national which it must do to justify its action by calling it an unincorporated association.

But the plaintiffs noted that the Treasury had defined Tornado Cash to include all holders of the TORN token, whether or not they have combined for any common purpose. The plaintiffs argue that as a result of this definition, Tornado Cash cant be classified as an unincorporated association based on the Treasurys own tests.

The second argument refers to how the open-source smart contracts which provide Tornado Cash with functionality cannot be considered property as property refers only to something which can be owned.

Even if these smart contracts could be considered property, the plaintiff's third argument is that no Tornado Cash entity has any interest in them, and therefore the Treasury does not have the authority to sanction it.

Screenshot highlighting the third and fourth key arguments by the plaintiffs. Source: Court filing

The final argument is that even if the Treasury does have the authority to do so, sanctioning Tornado Cash violates the First Amendment, and the Treasury is unable to defend this imposition by claiming that Tornado Cash users should engage in free speech elsewhere.

The Treasury initially sanctioned a number of addresses linked with Tornado Cash on August 8, 2022, just a month after the user interface code was open-sourced.

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Coinbase-backed motion makes four key arguments to lift Tornado Cash sanctions - FXStreet

A robust and growing World$tateCoin versus crypto-community identification and higher taxes the choice soon falls to the people.

NEW YORK, NY, May 25, 2023 /24-7PressRelease/ -- Just over a month since the advent of the world's 1st Crypto State, The World State (TWS) is already setting trends.

The recent presidential election ended in victory for Marwan Elbliety, an ordinary American citizen living in New York City who advocates for the benefits of a decentralized State model and vows to combat racism at all levels. He managed to win over thousands of TWS citizens, defeating formidable competitors such as Eddy Rudward, founder of the World Freedom Party, and Steven Ascher, an influencer deeply vested in the power of NFTs and Web3.

Elbliety made TWS history, not just as its first president, but also through significant contributions to the TWS community.

Thanks to his Presidential Bill, several key measures were enacted:1. A 25% share of The World State's Q2 revenues will be distributed among all active TWS citizens (NFT Passport holders).2. The "TWS NFT Passport for $1" limited-time promotion was launched, attracting over 80,000 applications for the NFT passport within just a week! The promotion, only offering whitelist slots to the top 10,000 most active applicants, continues until June 1.3. All NFT collections approved on the TWS Marketplace will provide at least 100 freemints for citizens (NFT Passport holders), further enhancing the appeal of TWS citizenship.

Elbliety stirred excitement when he made a live video address to the Crypto State, filmed directly outside the United Nations headquarters in New York a level of transparency and connection to the real world that is unmatched in other crypto projects. He also answered questions from the Polygon community during a live Twitter Spaces session, bolstering trust in the project.

What's Next for The World State Post-Election?

The ongoing TWS presidential elections add a new layer of intrigue, with Marwan Elbliety, already known for his community-focused approach, facing off against newcomer Max Stone. The candidates have strikingly different visions: President Marwan believes it's time to focus on developing the official project coin, the World$tateCoin (W$C), and proposes the development of staking programs. His opponent, on the other hand, suggests citizen identification and tax implementation for rapid Treasury replenishment and increased citizen initiative funding.

A robust and growing W$C versus crypto-community identification and higher taxes the choice soon falls to the people.

The World State continues to set a thrilling precedent in the world of blockchain governance.

About The World State

The World State is the first-ever decentralized Crypto State, fully driven by smart contracts and integrating NFT technology into its ecosystem. It's a NEXT-GEN NFT project, with an ecosystem that is built entirely on NFT technology and the direct interaction between NFT Passport owners - which is the key NFT in TWS - and the blockchain protocol.

For more information on The World State, Visit TWS websiteFollow TWS on TwitterJoin TWS community in Discord

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Charting the Crypto State of the Future: The World State's ... - 24-7 Press Release

2023-05-20 07:12:07 ET

Chainlink is a web3 services platform and a decentralized Oracle network. On Saturday (May 20), the protocol joined forces with Arbitrum, an Ethereum layer two scaling solution, to reveal the launch of Chainlink VRF (Verifiable Random Function) on Arbitrum One.

That will offer developers access to a widely-recognized random number generator (RNG). Arbitrum Foundation and Chainlink will host a VRF workshop on 22 May.

The official press release revealed that Chainlink Verifiable Random Function joined the Arbitrum One platform. The launch will benefit Arbitrum and Chainlink, providing them access to new decentralized applications (dApps) and smart contracts that developers create.

Chainlink VRF remains the most adopted RNG (random number generator) within the cryptocurrency market. It allows smart contract creators to develop scalable, fair, and secure apps, including gaming and NFT . Moreover, Arbitrum One enables developers to build dApps at low cost and high throughput.

Chainlink Labs Johann Eid commented on Arbitrums benefits in unloading Ethereum transaction congestion without compromising security. He believes Arbitrums incredible speed will unlock many use cases by enhancing Chainlink VRF.

As mentioned, the collaboration is a win for the parties benefiting Chainlink and Arbitrum communities. Chainlink Verifiable Random Functions offers randomness to more than 6,300 smart contracts in various blockchains.

The Arbitrum-Chainlink connection will help developers to develop high-end decentralized applications to boast smart contract functions. Moreover, Chainlink Automations launch on Arbitrum One will automate crucial smart contract functionalities without sacrificing decentralization. Chainlink continues to expand on innovation, signing deals with companies such as Coinbase Cloud , Optimism, and SWIFT.

Chainlink and Arbitrum have LINK and ARB as their native tokens, respectively. LINK lost around 1% over the past day, changing hands at $6.50 at press time. The altcoin struggled in May following market uncertainty. LINK lost 2% over the past seven days.

Contrarily, ARB surged 1% within the past 24 hours, currently hovering at $1.16. It hit a $1.17 daily high and a $1.15 low. Meantime, Arbitrum dominates transactions on the Ethereum blockchain as it ensures low gas fees and high speed.

The post Crypto industry updates: Chainlink VRF live on Arbitrum One appeared first on Invezz .

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Crypto industry updates: Chainlink VRF live on Arbitrum One - InvestorsObserver

Cardano, often touted as one of the Ethereum killers, is looking to live up to the tag with an increase in its smart contracts and improved scalability.

Created in 2017 by Charles Hoskinson and Jeremy Wood, Cardano has been steadily making strides in the blockchain space. With a focus on scalability, security, and energy efficiency, the network aims to challenge Ethereums dominance as the leading blockchain platform for dApps.

Recent developments such as Hydra and the deployment of more smart contracts have bolstered Cardanos position as a competitor to Ethereum, attracting the attention of developers and users alike.

The latest development surrounding the Cardano ecosystem was the launch of the first mainnet-compatible Hydra last week. The feat represented significant progress towards the full deployment of Hydra on the Cardano network. This came 14 months after Hydra heads were deployed on the public testnet.

Hydra is expected to improve Cardanos scalability capacity by allowing for the creation of subchains called heads which handle transactions in parallel. Despite its promise, rumors of Hydra handling up to 1 million TPS were recently debunked by a Cardano developer, as disclosed by The Crypto Basic.

One of the most significant advancements on Cardano was the introduction of smart contracts in September 2021 following the Alonzo fork. Smart contracts are self-executing agreements that automate tasks on the blockchain, and their launch on Cardano expanded the platforms capabilities.

Since introducing smart contract functionality, Cardanos smart contracts have surged, owing to notable developments and upgrades over the years. Data from Cardano Blockchain Insights suggests that Cardano now boasts 5,776 Plutus V1 scripts, representing a 22% increase from the value of 4,718 observed at the start of the year.

Moreover, Cardanos adoption has skyrocketed of late, as evidenced in several metrics, including an increase in its native tokens. Per data from pool.pm, the network has now welcomed over 8.28 million native tokens since the Mary hard fork went live in March 2021.

Challenging the Ghost Chain narrative, Cardano has remained at the top in terms of development activity. According to a Santiment analysis from December 2022, Cardano emerged as the network with the highest GitHub development activity for 2022.

Moreover, data from ProofofGithub indicates that Cardano has retained a top 3 position on the list of networks with the highest weekly development activities from Jan. 15 to April 23. This marks 15 consecutive weeks.

Despite its growth, Cardano still trails behind Ethereum at the moment. Ethereums dominance is as a result of its high adoption rate. For instance, Ethereum welcomed a massive 3.79 million smart contracts from January to April this year, according to Dune Analytics.

The dApp ecosystem is another area where Cardano is steadily growing but lags behind Ethereum. While Ethereums ecosystem is well-established and mature, Cardanos ecosystem is still evolving. Cardano currently has a TVL of $150.43 million while Ethereums TVL stands at $27 billion as of press time.

Ethereum has an established user base and a wide range of existing dApps, making it difficult for Cardano to break through. Overcoming this challenge will require strategic partnerships, developer incentives, and community support to attract more users and developers to the Cardano ecosystem.

While challenges such as adoption and technical hurdles remain, Cardanos advantages make it a promising contender in the blockchain space. With continued progress and widespread adoption, Cardano has the potential to become a major player and a viable alternative to Ethereum.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Cardano Looks to Dethrone Ethereum with Increased Contracts and Scalability - The Crypto Basic