One of the LARGEST Crypto Venture Capital firms:
Three Arrows Capital.
They're becoming insolvent.
With potentially $18b under management, this could be catastrophic for Crypto.
Here's a timeline of what's going on and the possible consequences:
↓↓↓
1/ DAO governance activity is exploding 💥. In the last year, we have seen:
• 8.8x in # of DAOs
• 8.5x in # of proposals
• 8.3x in # of votes
🧵 Here are 10+ key insights from @SnapshotLabs data on DAO governance
Mass adoption of DAO is just around the corner... and @ADAMDAOofficial will accelerate the process by achieving DAO 2.0 — on-chain voting and no-code modular proposals.