Top Trends at ETHDenver 2022: DAOs, DAOs, Regulation, DeFi, and DAOs

DAO DeFi Ethereum Metaverse NFT Non-fungible tokens
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Simon Chandler
Author Categories
About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
Source: Twitter/@EthereumDenver

 

ETHDenver 2022 has come and gone. Ethereum (ETH)’s annual developer conference took to Denver’s Sports Castle to showcase the latest upcoming projects in the ETH ecosystem and to enable community members to network with each other (and spread coronavirus).

Each year tends to focus on different trends and topics, and 2022’s installment was no different. According to attendees speaking with Cryptonews.com, one of the biggest points of discussion were decentralized autonomous organizations (DAOs), with regulation and industry lobbying also gaining plenty of attention.

Yet it wasn’t only particular issues that generated discussion, but also particular projects and apps. And chief among them were platforms that combined elements of DeFi, NFTs, and DAOs, signaling that Ethereum’s 2022 may be defined by a growing synergy between different areas of the wider crypto ecosystem.

DAOs entering every area of crypto

According to ConsenSys’ Community Lead Matthew Wright, DAOs were the most visible topic at ETHDenver this year. This includes discussion of subjects within the DAO space, including DAO tooling, governance, ethos, and culture.

“I personally attended events for RaidGuild, DAOHaus, SeedClub, Metacartel/ Metacartel Ventures. I also pitched a DAO concept to Metapod which was a DAO consortium aimed at accelerating projects in the space,” he told Cryptonews.com.

Wright also mentions that there were events by Friends With Benefits (FWB) and other DAOs that actually required tokens to attend or book a place. For him, this was an exciting symptom of how crypto (and the wider world) is “entering this metaverse/ meatspace world where you own assets on-chain which grants you IRL [in real life] access to experiences.”

Other interesting experiments witnessed at ETHDenver included a members-only event hosted by RaidGuild, in which participants staked tokens in order to vote for how the beer they would drink would be brewed. This involved determining the flavor and hops used for the beer, as well as other features, with members drinking the finished product later on at the event.

For Wright, such novel experiments highlight the promise of Ethereum’s wider ecosystem, which is giving birth to new and innovative ways of organizing and working.

“There is this deep DAO culture in Ethereum that cannot be duplicated. It is rich in ethos, community rituals, enforced permissions, and intrinsic value that cannot be transferred easily,” he said. 

He also notes that ETHDenver gave witness to the fact that the Ethereum ecosystem is home to an increasingly wide variety of DAOs, which can be tailored to the needs of pretty much any community. This is evidenced by the fact that the top 30 finalists of the conference’s hackathon – BUIDLathon – included numerous DAOs, from educational platform AcademyONE to customer service DAO Background Network.

“There is no one way to slice a DAO — and we’re seeing various forms of governance, structure, permissioning, culture, and levels of decentralization stem from the pathos of ‘we need to coordinate better’,” he added.

Regulation and lobbying

Continuing with the overarching theme of DAOs, Harmony One’s Adrian Robinson gave Cryptonews.com his opinion that regulation and lobbying — as exemplified by Andrew Yang’s Lobby3 — was the big talking point of ETHDenver. 

“When Andrew Yang brought up Lobby3 that was the most significant topic of the entire conference. None of what we are building matters unless we have regulations that make sense,” he said. 

For Robinson, lobbying for a more accommodating and understanding regulatory regime should be one of the key objectives for crypto right now, and ETHDenver showed that the Ethereum community is becoming more aware that it needs to do something on this front.

“The idea of creating a whole new division to deal with assets makes sense, as opposed to having the current [US Securities and Exchange Commission] weigh in on everything. Ideally, it is an ‘Assets Exchange Commission’ that will play nice with NFTs, etc. regarding ownership,” he added. 

Promising projects

Unsurprisingly for a developer conference, ETHDenver showcased a range of interesting projects that look set to deepen and enrich Ethereum’s ecosystem. Attendees had their own particular favorites, with platforms operating within the NFT, DeFi and DAO subsectors proving common.

“I was a big fan of Bunker.finance,” said Robinson. “They created a way to borrow against your NFTs.”

For Matthew Wright, who works mostly with DAOs in his role at ConsenSys, some of the most interesting projects involve decentralized organization to some extent.

“From Boardroom, Boomerang, Kali DAO (framework), FWB Gatekeeper, Gnosis Zodiac — we’re seeing major innovations in governance frameworks, curation/interfaces, and community engagement,” he said.

Despite his preference for DAOs, Wright also acknowledges a “huge presence” for DeFi 2.0, metaverse platforms, and NFTs at ETHDenver. This includes projects such as yearn.finance, Solace, and Element.fi, the latter of which is a DeFi protocol for fixed yields (it raised USD 32 million in a Series A round from October).

Anyone curious as to the top 30 BUIDLathon projects can check the full list here. It includes a handful of gaming platforms and four projects related to infrastructure and scalability, in addition to the NFT, DeFi, and DAO apps mentioned previously.

Judging by this list, and by ETHDenver as a whole, Ethereum and its ecosystem continues to have more than one eye on the future. It may remain the biggest layer-one blockchain in terms of total value locked in, but it’s hardly resting on its laurels, with the approach of Ethereum 2.0 (or “consensus layer”) likely to make it one of its biggest years on record.
____
Learn more: 
What’s in Store for DAOs in 2022?
Layer 2 in 2022: Get Ready for Rollups, Bridges, New Apps, Life With Ethereum 2.0, and Layer 3

DeFi Trends in 2022: Growing Interest, Regulation & New Roles for DAOs, DEXes, NFTs, and Gaming

Metaverse Trends in 2022: Prepare for More Gaming and New Virtual Experiences with NFTs
NFTs in 2022: From Word of the Year to Mainstream Adoption & New Use Cases

More Articles

Price Analysis
Price Breakthrough Forecast: The Next XRP Rally Could Be Here Soon
Arslan Butt
Arslan Butt
2025-02-09 14:21:48
Altcoin News
Gold-Backed Altcoins Boom as Major Banks Raise Price Predictions: Which Coins to Get
Arslan Butt
Arslan Butt
2025-02-09 12:55:24
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors