Shiba Inu has launched a beta version of a decentralized autonomous organization (DAO) to give users more authority to decide on crypto projects and pairs on the ShibaSwap platform. The dogecoin rival will release Doggy Dao in a “stage-by-stage” metric and phased approach. The first phase called “DAO 1″ will be implemented within the next few days. The DAO 1 phase will focus on “providing immediate power to the community to decide which crypto projects and pairs on the ShibaSwap WOOF Pools will be, and how the $BONE rewards (Allocation Points) are to be distributed amongst them,” the team said. The Dao will use $tBONE for voting rights, which is a new staking contract, to lock $BONE for a longer period of time before voting begins. ProShares has filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) focused on the metaverse. In a filing Wednesday, ProShares said the “Metaverse Theme ETF” would track the performance of the Solactive Metaverse Theme Index, which includes companies exposed to the metaverse industry. Marathon Digital (Nasdaq: MARA) agreed to buy 78,000 Antminer S19 XP bitcoin miners from Bitmain for $879.1 million, the company announced Wednesday in an SEC filing. The Las Vegas-based miner said 13,000 machines will be delivered each month from July to December 2022. The deal was announced a week ago without specifying a cost or the number of machines purchased but calling it a “record number” of bitcoin miners. Payment will also be staggered. Marathon said it will pay 35% of the total within two days of execution of the purchase contract. It will pay a further 35% of each shipment price six months before the shipment is made and the balance at least one month prior to shipment.
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