KingData News: A community dedicated to FTT, the native token of cryptocurrency exchange FTX, has raised $7 million (250,000 FTT), which will be converted into an ecosystem fund, according to a press release. The fund will contribute to community-led projects across decentralized finance (DeFi) and crypto education. The FTT DAO, a decentralized autonomous organization, is independent of FTX and states on its website that it believes in "effective altruism," a phrase it attributes to the exchange's CEO, Sam Bankman-Fried. Bankman-Fried founded the FTX Foundation, a charitable organization, and has signed the Giving Pledge, a commitment taken by some of the world’s richest people to give away the majority of their wealth to philanthropy in either their lifetimes or their wills. (CoinDesk)

KingData News: EulerDAO’s decentralised and on-chain governance has been launched, with the community now able to vote on proposals and gauges. Community members can now claim any available EUL tokens from previous epochs and select a delegate on the delegates page. EulerDAO’s community-run governance enables users to vote or delegate their voting power to others in order to unite behind a shared vision of the protocol’s future. Delegates, including those who have self-delegated, can create proposals that shape the functionality of the Euler Protocol. Delegates can propose changes to an asset’s tier, collateral and borrow factors, interest rate model parameters, reserve factors, and much more.

KingData News: Electric Capital engineer Emre Caliskan tweeted that DAO governance activity is exploding. In 2021, the number of DAO organizations increased 8.8 times, the number of proposals increased 8.5 times, and the number of votes increased 8.3 times. But this rapid growth is largely driven by a small number of people, with more than 65% of proposals coming from just 10% of DAOs.

Top Israeli VC Pitango Launches Investment DAO with Plans to Issue Token KingData News: Pitango, one of Israel's leading venture capital firms, has launched a decentralized autonomous organization (DAO) to invest in web3 projects. Pitango said this is Israel's first investment DAO. Specifically, Pitango's fund — called Pitango First — has launched First Labs, which has then created a DAO called First DAO. "We are breaking the traditional VC model and will issue a token," Aviv Barzilay, head of First Labs at Pitango said. Barzilay declined to share a timeline for the token launch, details on tokenomics and the investment amount the DAO is launching with.

UpLift Partners with CertiK, the World’s Leading Security Auditors in Web3 KingData News: UpLift DAO, an early-stage incubator for blockchain-based projects, has recently announced its partnership with CertiK to build a secure and reliable Launchpad service where CertiK will perform penetration testing, manual code reviews and comprehensive security assessments of smart contract and blockchain code for projects launched on UpLift. To date, UpLift DAO has raised a total of 1,211,158.57 BUSD for project expansion in the DeFi, GameFi and NFT space.

Nation3 DAO Will Launch Genesis Passport on May 30TH at 4:20 PM UTC KingData News: Nation3 DAO has announced in a tweet that it will launch Genesis Passport on May 30th at 4:20 pm UTC, and only users with more than 2 VeNation tokens are eligible to claim. Only 420 Genesis Passports will ever exist, and passport holders are entitled to governance rights and the rights to receive unique Genesis swag NFTs. CoinGecko data shows that $NATION is up 34.5% in 24 hours, with a current price of $1,883.96.

Cosmos Eco DEX Junoswap Will Start the Claiming of RAW Distributed to Its Community on May 1st KingData News: Claiming will be enabled May 1st 2022, Users will be able to claim their allocation immediately. DAO and liquidity incentives will be activated shortly after. Claim window lasts for 1 month and ends on June 1st 2022. Unclaimed tokens will be sent back to the DAO for later use. The RAW fairdrop aims to reward strong hands and true believer of the Juno and Cosmos Ecosystems. People who staked and provided liquidity on various Cosmos protocols for the longest period will be incentivized more than the ones present only during a single snapshot. Airdrop is divided in the following categories: JunoSwap LPs (100 million RAW), JUNO Stakers (80 million RAW), Osmosis LPs (20 million RAW). Total supply: 1 billion RAW; total to be distributed: 200 million RAW.