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Crypto platform Gitcoin accidentally sent 521,440 GTC ($460,000) from its treasury to an unrecoverable smart contract address. The team has acknowledged the oversight and emphasized the importance of handling DAO funds with caution. Some users, meanwhile, suggested viewing the token loss as a straightforward reduction in supply. 
The Snapshot platform has recently showcased a proposal: allocate 1 million FRAX tokens from the treasury and use them to buy CRV tokens.
This, according to the initiative's creator, will fortify the community's foothold in DeFi for years to come and enhance liquidity for pairs involving FRAX. Crypto Communities: Advantages and Challenges of the Core Team
Decentralization represents a more advanced and evolutionary approach to managing resources, finances, and projects. Under this model, there is no centralized authority or single individual responsible for making all decisions. However, without a Decentralized Autonomous Organization (DAO), the weaknesses of decentralization have to be resolved within the core team itself. 
Tornado Cash Attack: Governance Restoration Proposal Passed
Last week, the TORN token witnessed an impressive surge of nearly 10%. This unexpected rise follows a groundbreaking proposal from the attacker’s wallet address, which had previously compromised the DAO’s governance. The proposal aims to reverse the malicious actions and restore integrity to the system. Alibaba Cloud Introduces a Platform for Metaverse Creation
Alibaba Cloud, a branch of the Alibaba Group that delivers cloud computing solutions, is in the process of designing Cloudverse, a platform aimed at deploying metaverses. The launchpad is being developed in collaboration with Ava Labs and MUA DAO on the Avalanche blockchain. 
FXS and LDO Altcoin Analysis for November 2, 2023
While BTC has experienced a slight increase over the past few days, testing the $36,000 mark, there have been no significant changes on its chart since our last analysis. Here’s an overview of the market situation for Frax Share (FXS) and Lido DAO (LDO) as of Thursday, November 2. 
Currently, Mantle DAO is evaluating a proposal that would prohibit the conversion of BIT tokens held by FTX Group into the new MNT token. Previously, Alameda Research, a branch of the FTX Group, swapped 3.4 million FTT tokens for a staggering 100 million BIT tokens, which equated to around $43 million. Yet FTX's descent into bankruptcy prompted DAO members to introduce this proposal. MNT is a token that was launched as Mantle's L2 mainnet went live. The blockchain was established by the Bybit exchange, which initiated the merge of BIT (BitDAO) and MNT tokens. Controversies aside, there's robust support for this proposal within the Mantle enclave, spotlighting the overarching investor community's interests. 
Arthur Hayes, Maelstrom CIO and ex-BitMEX CEO, argues that AI-powered Decentralized Autonomous Organizations (DAOs) will revolutionize economic entities, making traditional structures obsolete due to their reliance on human labor and state-enforced contracts.
He asserts AI DAOs, unfettered by physical forms and therefore state laws, will use smart contracts on public blockchains for self-governance and service provision.
Hayes predicts that DAO capital markets will become the first genuinely global markets and decentralized exchanges will naturally monopolize the trading of DAO-issued tokens.
Hayes sees a future trillion-dollar AI-powered economy that would significantly boost the value of blockchains like Ethereum. 
Explore DAO Maker: Your Key to High-Yield Opportunities
Get an in-depth look at DAO Maker, a leading venture capital hub and the largest on-chain launchpad for tokenized businesses. Its unique DAO Pad allows token owners a chance to participate in early token sales from carefully vetted blockchain startups. Learn more about its background, tokenomics, and other project details in our article. What is Bone ShibaSwap (BONE)? A Project Overview
Bone ShibaSwap (BONE) is one of the flagship tokens within the ShibaSwap ecosystem. It operates as a governance token, enabling members of the Shib Army to vote on Doggy DAO proposals. Furthermore, BONE underpins Shibarium, a layer-2 Ethereum-based blockchain network designed specifically for Shiba Inu. Cryptodemocracy Unleashed: Initiating Change and Voting in DAOs
A majority of cryptocurrency enthusiasts are familiar with DAO, but not everyone comprehends how participants within the organization initiate alterations or suggest new features to be added. Additionally, it is interesting to know how exactly voting takes place in DAOs. 
Arbitrum DAO Shake-Up: Where Will 700 Million ARB Go?
On March 16th, the Arbitrum Foundation made a big announcement about their ARB token airdrop and the creation of the Arbitrum DAO. This news was met with much excitement and positivity in the cryptocurrency community. It gave the market a boost of optimism. However, things have taken a mysterious turn with the Arbitrum DAO and it's unclear what is going on.