SSV DAO, the decentralized autonomous organization behind the decentralized staking protocol SSV.network, is starting a $50 million ecosystem fund to help mature Distributed Validator Technology (DVT) infrastructure. DVT refers to a technology development that would allow an Ethereum proof-of-stake validator to be run on more than one node simultaneously. The technology is a key component in Vitalik Buterin’s Ethereum roadmap for decentralization. Because of the high cost of entry to run a validator node, critics say that the Ethereum protocol is uncomfortably centralized across only a handf

DAVOS, Switzerland — The European Union should consider legislation to recognize decentralized autonomous organizations (DAOs) that govern Web3 applications, Finland’s communications minister said during a panel at this year's World Economic Forum. The move could prevent having to alter thousands of laws or countries undercutting each other in the race to attract innovative business, Timo Harakka said. “There are a lot of new players and actors in the Web3 world… not reflected very well in existing legislation,” he said. “Take a DAO for instance: Where does legislation stand?” Harakka told Coi