Shiba Inu’s Doggy DAO has undergone a major governance overhaul, moving beyond the previous staking-only model to offer three voting options: traditional staking, direct ERC-20 token balance voting, and quadratic voting. The quadratic system particularly addresses wealth concentration by making additional voting power exponentially more expensive, preventing large holders from dominating decisions. Backed by $12 million from investors including Polygon Labs and Animoca Brands, the ecosystem is developing a Layer-3 chain powered by the new TREAT token and working toward identity-based voting that would give each user equal voice regardless of token holdings. This governance evolution aligns with Shibarium’s broader vision of creating a reputation-based system through its Karma points mechanism, aiming for a more secure and scalable Web3 platform capable of supporting one billion users.
about Shiba Inu Revamps Doggy DAO with Fairer Voting & Layer-3 PlansAnimoca
0 in Finance and 0 in Crypto last weekMEET48 Hosts 1st Web3 Idol Audition with 78M $IDOL Votes
MEET48, the world’s first AIUGC and fan economy ecosystem, made history by hosting the 1st Web3.0 All-Community Annual Idol Popularity Audition & Ceremony (WIPA) in Hong Kong. Collaborating with SNH48 GROUP, the event introduced blockchain-based voting, accumulating 78 million IDOL tokens (1.63% of total supply). The Top 3 idols earned exclusive rewards, while AI-driven virtual group FiveSs secured fourth place, highlighting MEET48’s innovative blend of AI, blockchain, and fan engagement. Backed by AuditionsGO, a Web3 music-dance simulation game, MEET48 boasts 3.8M active users and 500K Web3 wallets, with IDOL tokens listed on major exchanges like Binance Alpha and Bitget. The project, supported by investors like Fosun Group and Animoca, aims to expand AI-driven Web3 entertainment.
about MEET48 Hosts 1st Web3 Idol Audition with 78M $IDOL VotesMEET48 Launches $IDOL Airdrop for Web3 Entertainment
MEET48, a leading Web3 entertainment platform, has unveiled its $IDOL airdrop program, set to begin on June 9, 2025. Eligible participants include users who interacted with the MEET48 ecosystem, NFT holders, and Mars Protocol users. The airdrop features a 50% initial release at TGE, with the remaining 50% vesting linearly over six months. Tokens can be used for voting in the upcoming Web3.0 All-Community Annual Idol Popularity Audition (WIPA), co-hosted with SNH48 GROUP. MEET48, backed by investors like Fosun Group and Animoca, aims to merge idol culture with blockchain, leveraging AIGC for AI-driven content creation and virtual performances. The platform has already achieved significant traction, with 537,000 peak DAUs during a recent voting event.
about MEET48 Launches $IDOL Airdrop for Web3 EntertainmentSUI Token Surges 70%, Eyes $10 as AI & DeFi Hype Grows
The SUI blockchain’s native token has skyrocketed by over 70% in the past month, trading near $3.98 and pushing its market cap to $13 billion, making it the 13th largest cryptocurrency. This surge comes as SUI attracted $11.7M in weekly inflows, surpassing competitors like Solana, and ahead of The Great Sui Odyssey #5 event in Vietnam, which will explore SUI’s role in AI, gaming, and DeFi. The blockchain’s unique features, including its object-centric data model and parallel execution engine, make it ideal for gaming and AI applications, while its low fees and Move programming language support DeFi growth. Technical indicators like MACD and RSI suggest bullish momentum, with some predicting SUI could hit $10 by year-end. The network has also surpassed $2B in Total Value Locked (TVL), signaling strong ecosystem adoption.
about SUI Token Surges 70%, Eyes $10 as AI & DeFi Hype Grows