Four lesser known positive blockchain news stories from the past month
It has been a whirlwind of news stories in the crypto space over the last couple of months that has shocked investors and blockchain developers alike. There were of course the big news stories, such as the adoption of Bitcoin as legal tender in El Salvador, the wave of new regulations in China, and the regulatory challenges faced by Binance, but there were also a lot of lesser known stories that many may have missed in the calamity. So here are some positive, lesser known blockchain and crypto news items from the past month…and a bit.
UNICEF’s Innovation Fund announces first cohort of blockchain investments
On June 8, 2021, The UNICEF’s innovation fund announced that 8 open-source blockchain start-ups would receive funding to support their projects. These projects, launched in a variety of countries throughout Africa, Asia, and Latin America, seek to solve complex international development challenges and support financial inclusion. To see the list of the 8 funded projects, the UNICEF press release can be found here.
Venture capital firm a16z launches 2.2 billion Crypto Fund
On June 24, 2021, Andreesen Horowitz (a16z) announced the launch of a 2.2 billion Crypto Fund to support crypto start-ups. According to senior leaders within a16z, “this fund allows us to find the next generation of visionary crypto founders, and invest in the most exciting areas of crypto.”
U.N. recognizes the potential of blockchain technology to help fight the climate crisis
On June 20, 2021, the United Nations released an article highlighting their belief that “blockchain, the technology lying behind these online currencies, could be of great benefit to those fighting the climate crisis, and help bring about a more sustainable global economy.” Given the fact that the U.N., an organization with 193 member states, is highly influential in international development and climate change efforts, this statement lends a lot of credibility to the power of blockchain-based technologies to fight climate change.
A group of influential lawyers in Australia are working to have DAO’s legally recognized
On July 15, 2021, it was announced that Australia’s Digital Law Association and law firm Herbert Smith Freehills are trying to get Australian regulators to recognize Limited Liability DAOs as a new legal entity. If successful, this could go a long way in helping attract DeFi developers to Australia who could become a new hub for DeFi start-ups.
What are some other blockchain and crypto items that have come up over the last couple of months? Tweet us at @Crypto_Altruism, we’d love to hear from you!
