▹ Team updates
▹ FF Podcast w/ TEC
▹ FWB $10M Fundraising
▹ DAOs Report by The Generalist
▹ Legal Framework for DAOs by a16z team
▹ Adobe x NFT Marketplaces Partnership
▹ Crypto Cities by Vitalik
▹ Murakami x RTFKT Collab
▹ ... much more
FWB $10M Fundraising. The FWB round is official. The DAO raised $10M at a $100M valuation from a16z and Pace Capital, among others. FWB plans to use the money to push forward City DAOs, build out their full-time team across a variety of verticals, and continue being one of the dopest communities online and off. If you want to learn more about FWB, check out our case study in FF Learn! GM!
DAOs: Absorbing the Internet. DAOs are eating the world, but not everyone knows it yet. Mario Gabriele assembled a powerhouse team, including Forefront core contributor Jihad Esmail, to write a comprehensive report on DAOs: what they are, where they came from, why they’re important, and so much more. This will go down as a must-read for anyone joining the space for the foreseeable future. MULTIPLAYER ALPHA
A Legal Framework for DAOs. The a16z legal team released this fantastic report on many of the legal and regulatory issues facing DAOs: liability, tax, contracting, and more. The report pulls from many key legal minds in the space and offers some interesting models for DAOs to consider as they interact with IRL entities. MUST READ
RabbitHoleDAO: Why Decentralization Matters. As Rabbithole decentralizes, there is much to learn. Zach Davidson explores why decentralization matters in regards to DAO onboarding. He dives into five archetypes of Rabbithole Pathfinders, why each is important, and what the role of the onboarding process is in building a strong DAO culture. PROMISING
Sc3nius by Packy McComick. "Scenius is like genius, only embedded in a scene rather than in genes." In this essay, Packy builds on this idea of Scenius to explain why web3 is a next-generation scenius, how it is playing out for participants of the scene, and what might be next. The framing of our current time and digital space is definitely interesting, and worth exploring on an individual level as well. GREAT DIVE
Facebook Changes Its Company Name to Meta. You’ve definitely seen this already, but we’re adding it anyway ;) Facebook’s name change to Meta definitely received some mixed responses (and funny memes). However, it is undoubtedly a sign that the metaverse is going to be a high priority for institutional builders and investors one way or the other. The web3 community is taking note. LOL
Adobe partners w/ NFT Marketplaces. Adobe partnered with OpenSea and other NFT marketplaces to create an image as an NFT, which would embed attribution information. Adobe will use an open-source method of cryptographically signing the image with the creator's identity. Awesome to see traditional creative software embracing NFTs. ADOPTION CURVE
Punk 9998 bought for 124,457 ETH. Punk 9998 was sold for 124,457 ETH, or over $532 million at time of sale. Before we went too crazy, Larva Labs confirmed that both the purchase and the sale were conducted by the same person using a Flash Loan. A bit of financial engineering, but the numbers were eye-popping. FLASH FLEX
What’s your favorite story this week? Let us know on Twitter
We’re excited to introduce a social token bridge to programmatically migrate community tokens across Ethereum & Polygon -- creators who minted or imported their token on the Coinvise Dashboard can now migrate a set amount of ERC20 tokens from Ethereum to Polygon.
There has been a surge in gated access during October. The amount of token gated content has grown by 47% from last month, with our content NFT as the most popular token.
FF DAOlloween was a blast! We’re so grateful for everyone who joined and all of our DAO partners for participating. It was a truly historic moment for digital DAO events, and you can count on Forefront to continue to push the boundaries of DAO culture moving forward!
As always a lot of developments happening in our in-house guilds, check out this weeks FF Wrapped for more.
RTFKT x MURAKAMI
Minting Date - TBD rtfkt.com
RITUALS by Aaron Penne x Boreta
Live Minting - 11/3 Bright Moments
The information in this newsletter is not intended to constitute legal, financial or investment advice and should not be construed or relied upon as such. Any opinions reflected are the opinion of the author(s) of the newsletter only and not necessarily of Forefront. Please DYOR.