Connect with us

Press Release

Welcome 3rd Generation DAOs and Open Internet Services

Published

5 months ago

on

Thailand, 19th Aug 2024 – The Internet Computer is championing a vision of an open internet, where “open internet services” operate fully on-chain under the governance of advanced DAOs. These Decentralized Autonomous Organizations (DAOs) empower communities with direct control and ownership, ensuring security and transparency in updates and configurations. This paradigm also democratizes access to the tech economy, allowing projects to raise funds globally. Although social networks are already functioning as open internet services, this revolution has only just begun.

Welcome 3rd Generation DAOs and "Open Internet Services"

The Dawn of a New Era

Imagine a world where the traditional corporate structures we know today are replaced by DAOs—entities driven by autonomous #blockchain logic, providing unparalleled efficiency, transparency, and rule enforcement without the need for courts. This vision is rapidly becoming a reality, and I believe that in just a few years, most new tech startups will be DAOs.

 

Why DAOs?

DAOs are more suited to our increasingly globalized and technological world. They are not only essential to the success of the entire web3 and open internet movement but also crucial for the governance of blockchain networks and web3 services. With full automation and true autonomy, DAOs are set to revolutionize various industries by providing communities with direct control and governance capabilities.

 

The Genesis of DAOs

To understand the significance of DAO technology on the Internet Computer, we must revisit “The DAO” project from 2016. As a pioneering decentralized venture capital DAO built on Ethereum, The DAO quickly garnered the largest crowdfunding campaign in history. Despite its flaws, The DAO marked a seminal moment in tech history, highlighting the potential and challenges of decentralized governance.

During its early days, I suggested numerous technical improvements for The DAO, focusing on algorithms rather than the centralized aspects of its design. This experience led me to develop algorithms like “Wait For Quiet” and contributed to my understanding of how to create more sophisticated DAOs.

 

The Evolution: Internet Computer and NNS DAO

Fast forward to today, the Internet Computer has enabled the creation of advanced DAOs through the permissionless #Network Nervous System (NNS) DAO. Integrated into the ICP protocols, the NNS allows participants to stake ICP tokens to create “voting neurons.” These neurons can vote on proposals manually or automatically by following other neurons. This system has facilitated the rapid evolution of the network, enabling 145 protocol upgrades in its first year alone.

The #NNS supports hundreds of thousands of participants who have locked substantial value into voting neurons, ensuring security and resistance to governance attacks. This robust system has proven to be a highly effective and autonomous custodian of the network.

 

Introducing the Service Nervous System (#SNS)

Building on the success of the NNS, the Service Nervous System (SNS) framework allows for the creation of new DAOs that fully control web3 services built from smart contracts and run on-chain. Once these services reach maturity, they can propose decentralization to the NNS, becoming true “open internet services.”

 

The Open Internet Dream

After full decentralization, these #web3 services operate transparently and securely, governed by their community through governance tokens. This approach mitigates issues like Big Tech centralization, lack of transparency, rug pulls, and security vulnerabilities found in cloud-based web3 services.

As part of the decentralization process, DAOs can swap their governance tokens for ICP, #Bitcoin, or #Ethereum, which are then held within the DAO and utilized according to the community’s will. This mechanism democratizes access to the tech economy, enabling entrepreneurs and engineers worldwide to raise funds and succeed regardless of their location.

 

A Borderless Talent Pool

Already, projects from emerging economies, such as #YRAL, are leveraging this paradigm. As this trend accelerates, it will unleash a global talent pool, breaking down geographical barriers and fostering innovation worldwide.

The Internet Computer and its advanced #DAO framework represent the future of decentralized governance and open internet services. By empowering communities with direct control and democratizing access to the tech economy, DAOs are set to transform our world, making it more transparent, efficient, and inclusive.

 

About SynergyLabs

SynergyLabs is Thailand’s official Internet Computer Protocol (ICP) Hub, dedicated to pioneering advancements in blockchain and AI technologies. By providing education, resources, and support to individuals and businesses, SynergyLabs aims to empower the next generation of digital innovators. The company offers comprehensive programs, including developer grants and an accelerator program, to foster a vibrant and engaged blockchain community. With a mission to demystify blockchain technology and facilitate its practical applications, SynergyLabs is at the forefront of Thailand’s digital transformation. 

To learn more about SynergyLabs and get involved in their initiatives, be sure to visit their website, follow them on X (formerly Twitter) and stay tuned for their upcoming events. The new era of the internet has begun—now is the time to join it!

Media Contact

Organization: ICP Hub Thailand SynergyLabs

Contact Person: ICP Hub Thailand SynergyLabs

Website: https://synergylabsthmy.com/

Email: Send Email

Country: Thailand

Release Id: 19082415903

The post Welcome 3rd Generation DAOs and Open Internet Services appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Related Topics:
Continue Reading

Press Release

AXIS GLOBAL CAPITAL（AxisGC）: Leading Excellence in Global Forex Trading

Published

6 hours ago

on

January 16, 2025

By

 AXIS GLOBAL CAPITAL SERVICES LTD (commonly known as Axis Global Capital, abbreviated as AxisGC), a leader in the forex trading industry, proudly announces its ongoing commitment to providing exceptional trading solutions to clients worldwide. Headquartered in New York, the financial capital, the company empowers global traders through cutting-edge technology, unparalleled market expertise, and a client-centric approach.

001

Unique Advantages of Axis Global Capital

  • Compliance and Reliability: As a U.S.-registered and regulated entity, Axis Global Capital adheres to the highest standards of financial integrity and compliance. Client funds are safeguarded through top-tier financial institutions with segregated accounts, ensuring fund security.
  • Advanced Trading Platform: The company provides state-of-the-art trading platforms accessible via desktop, mobile, and web, equipped with intelligent trading tools, efficient order execution, and real-time market data to deliver an unmatched trading experience.
  • Diverse Product Offerings: Axis Global Capital offers a wide range of trading products, including forex currency pairs, stock CFDs, indices, precious metals, energy, commodities, and cryptocurrencies, enabling clients to diversify their portfolios seamlessly.
  • Professional Risk Management: Offering a variety of risk management tools, including stop-loss, limit orders, margin alerts, and negative balance protection, the platform ensures clients can optimize returns while controlling risks.
  • Education and Resources: The company regularly hosts free online and offline events, including webinars, in-depth market insights reports, real-time trading signals, and personalized one-on-one training sessions to provide clients with comprehensive trading support.
  • Global Multi-Language Customer Support: Axis Global Capital provides 24/7 customer support in multiple languages, including English, Spanish, Chinese, and Arabic, ensuring clients worldwide receive premium assistance anytime.
  • Innovative Account Management Features: Clients can choose from a variety of account types, including Standard, Professional, and VIP accounts, catering to both novice and seasoned traders. Additionally, the company offers fund management services (PAMM/MAM) for institutional clients.
  • Transparent Pricing and Low-Cost Trading: Axis Global Capital provides highly competitive spreads with no hidden fees, helping clients maximize their trading profits.

Future Vision

“At Axis Global Capital, our goal is to create an empowering and inclusive trading environment,” stated a senior executive at Axis Global Capital. “We are committed to building trust and transparency while continuously innovating to meet the evolving needs of our clients.”

002  

The company plans to increase investment in innovative technologies, such as AI-driven trading tools, blockchain applications, and social trading platforms, to further enhance trading efficiency and client experience. Simultaneously, Axis Global Capital aims to expand its global footprint and strengthen partnerships with international financial regulatory authorities, providing superior services to traders in more regions.

As the forex market continues to grow, Axis Global Capital remains at the forefront of the industry, setting new standards for excellence and client satisfaction. The company invites traders and investors to explore its services and join a thriving community of market participants.

About Axis Global Capital

AXIS GLOBAL CAPITAL SERVICES LTD (commonly known as Axis Global Capital, abbreviated as AxisGC) is a premier forex trading platform headquartered in New York, USA. The company is dedicated to providing secure, transparent, and efficient trading services to clients worldwide. With a focus on innovation, education, and client satisfaction, Axis Global Capital continues to lead the global trading industry.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Kuwait Real Estate and IFA Hotels Launch Al Tay Hills Project in Sharjah

Published

6 hours ago

on

January 16, 2025

By

Six million square feet project valued at AED 3.5 billion

Al-Therban: Al-Tay Hills is one of AQARAT’s largest and most ambitious projects and hope it achieves significant sales success

Al Tay Hills

Al-Bahar: We are witnessing Sharjah’s emergence as a preferred destination for investors due to its exceptional investment environment and continuous support for businesses.

Esbaitah: We are transferring our distinguished expertise in land development, gained from local, regional, and global markets, to Sharjah.

Sharjah 16.01.2025, Kuwait Real Estate Company (AQARAT), a leading real estate firm listed on the Kuwait Stock Exchange, in collaboration with IFA Hotels and Resorts, has announced the launch of the “Al Tay Hills” project in the Emirate of Sharjah. The project, with a total cost of AED 3.5 billion, spans over 6 million square feet and includes 1,100 villas and townhouses with diverse designs and sizes to meet various client needs.

The units range from 3 to 6 bedrooms and will be developed in three phases, each featuring private pools and modern designs that combine luxury and comfort.

The first phase of the project is scheduled for delivery in the first quarter of 2028, reflecting the company’s commitment to delivering high-quality projects that enhance its position in the real estate market.

Strategic Location

The “Al Tay Hills” boasts a strategic location in the Al Tay area, near the Sharjah Grand Mosque and directly on Emirates Road, at the main intersection bordering the Emirate of Dubai. This location provides easy access to key facilities and landmarks in both Sharjah and Dubai. The project is minutes away from Dubai International Airport, Downtown Dubai, and Sharjah International Airport.

The Green River and Scenic Nature

The “Al Tay Hills” stands out with the longest Green River in the UAE, serving as the natural lung and central artery of the development. This Green River stretches over 2.5 kilometers and features extensive green spaces, adding natural beauty to the project.

The development blends modern architectural designs with scenic nature, offering a serene and harmonious lifestyle. It reflects Sharjah’s vision of promoting a sustainable green environment that protects nature and biodiversity.

The Green River is designed as a unique recreational space, providing fresh air, dedicated walking paths, and relaxation areas, making it an ideal destination for leisure and enjoyment. The river serves as the project’s arterial park, offering residents and visitors stunning views, fresh air, and diverse relaxation and recreational zones.

Facilities and Services

The project offers a comprehensive array of facilities and services that cater to all needs in one place. These include playgrounds for adults and children, a mosque, restaurants, cafes, retail outlets, swimming pools, and dedicated walking and cycling paths totaling 11 kilometers. This creates an exceptional living experience that merges modern life with nature.

Ibrahim Saleh Al-Therban, Chairman of Kuwait Real Estate Company, said: “We are delighted with the Al-Tay project, which is one of AQARAT’s largest and most ambitious projects. We hope Al-Tay Hills achieves significant sales success, especially as it combines modern designs with a strategic location, making it an exceptional opportunity for both investors and residents alike.”

 Ibrahim Saleh Al-Therban, Chairman of Kuwait Real Estate Company

Talal Al-Bahar, Vice Chairman and CEO of Kuwait Real Estate Company, stated: “The UAE’s real estate market is one of the most attractive sectors regionally and globally. Today, we are witnessing Sharjah’s emergence as a preferred destination for investors, thanks to its appealing, safe, and business-friendly investment environment, along with its commitment to enhancing and developing the real estate sector.”

Al-Bahar  added: “Our aim is to create an upscale residential community that sets new standards for sustainable living in the region by combining innovative design, sustainable construction practices, and state-of-the-art facilities. Our goal is to deliver a unique residential experience that exceeds market expectations and meets the aspirations of both investors and residents. For this reason, we partnered with IFA Hotels and Resorts to leverage their extensive expertise in real estate development and deliver innovative, high-quality products.”

Khaled Esbaitah, Chairman of IFA Hotels and Resorts, commented: “We are proud to announce our latest expansion in the UAE’s real estate portfolio, building on the company’s successes and track record in project development. We are now transferring our distinguished expertise in land development, gained from local, regional, and global markets, to the Emirate of Sharjah. The ‘Al Tay Hills’ reflects our vision of blending Sharjah’s values and traditions with a distinctive modern environment that provides homeowners with safe and sustainable living conditions that align with the highest global standards while preserving the Emirate’s rich traditions.”

Esbaitah added: “Sharjah is one of the most economically diverse Emirates, hosting a wide range of non-oil sectors. Sustainable projects play a pivotal role in enhancing its advanced infrastructure. The Sharjah government’s initiatives and pioneering solutions have attracted and encouraged investments, positioning the Emirate as a key player in strengthening the UAE’s global competitiveness as a premier investment destination.”

The “Al Tay Hills” represents a unique investment opportunity in the dynamic real estate market, offering a blend of comfort, a prime location, and lifestyle amenities that set it apart from other projects. With a sharp focus on quality, design, and customer satisfaction, the project is poised to become a prominent residential destination for those seeking the best in modern living.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

AXIS GLOBAL CAPITAL（AxisaGC）: Building the Ideal Realm of Global Forex Trading

Published

6 hours ago

on

January 16, 2025

By

In the sleepless city of New York, there is a guiding light that leads global investors through the waves of the financial ocean. AXIS GLOBAL CAPITAL SERVICES LTD (known as Axis Global Capital or AxisaGC), like a steady giant ship, carries the promise of technological innovation and exceptional service, opening the door to wealth for tens of thousands of traders.

The Perfect Fusion of Technology and Humanity

Axis Global Capital understands that the core of financial trading is not just data and technology, but the connection between people and markets. The company’s trading platform serves as a bridge, enabling clients to engage with global markets in the most intuitive and convenient way.

– Seamless Across Devices: Whether on a desktop, smartphone, or tablet, clients can access market trends anytime, anywhere.

– Millisecond Execution for Every Opportunity: Precise order execution captures the moment in volatile markets.

– Smart Assistance for Confident Decisions: Innovative algorithmic analysis, technical indicators, and automated trading tools instill confidence in every trade.

A Multidimensional Investment Experience

Axis Global Capital breaks away from the single-dimensional trading approach, offering clients a rich tapestry of investment options:

– The Art of Currency Pairs: Over 50 major, minor, and exotic currency pairs paint a dynamic portrait of the global economy.

– The Power of Indices: Products like the S&P 500 and Nasdaq 100 resonate with the pulse of the global economy.

– The Value of Commodities: The timeless allure of gold and the lifeblood of energy are presented here for clients.

– The Future of Digital Assets: Mainstream cryptocurrencies like Bitcoin and Ethereum pave the way to the digital financial world.

The Cornerstones of Trust and Transparency

In the financial realm, trust is the most solid foundation. Axis Global Capital always regards its clients’ trust as its most valuable asset.

– Guardians of Funds: Client funds are stored in segregated accounts with top-tier banks, ensuring absolute security.

– Operators of Transparency: With no hidden fees, every transaction is clear and traceable, allowing clients to proceed with peace of mind.

– Global Regulatory Standards: Adhering to the strictest international regulations, Axis Global Capital sets an unwavering benchmark for industry integrity.

The Dual Engines of Education and Support

Axis Global Capital views every client as a partner, providing not just tools but also the soil for growth.

– Round-the-Clock Assistance: A multilingual customer service team stands by day and night to meet every client’s needs promptly.

– An Ocean of Knowledge: The education center is a treasure trove of resources, from basic tutorials to advanced strategies, igniting the spark of learning.

– A Community of Belonging: A vibrant trading community fosters experience-sharing and collective growth among investors.

Making the Future Within Reach

The future of finance is filled with the unknown, but Axis Global Capital is ready to embrace the challenges. AI-driven insights, blockchain transparency, and sustainable green finance are all integral to the company’s vision.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST

Like Us
Follow Us
Subscribe Us
Follow Us