This week has been a year

GM GM friends. The state of the world is one that can be overwhelming to take in sometimes, and we know web3 is probably the last thing on your mind. We've got a long weekend coming up so we're keeping today's newsletter like this week should be: short and sweet.

Quip of the Week

The Latest

Taking action: DAOs get to work after Roe vs Wade decision

Structures within web3 like DAOs enable people to organize, mobilize, and deploy capital to matters they care about. Quickly after Roe vs Wade was overturned, ChoiceDAO came together, with the goal of "coordinating community and capital for reproductive access." They plan to raise $1M in 26 days and ultimately will give donors governance over where their funds will be donated. Of course, this cannot be limited to simply a crypto-focused solution, and this thread captures how best to channel the solidarity within web3 around the Roe vs Wade decision.

Learning more: The World Economic Forum writes about DAOs Beyond the Hype

The World Economic Forum recently released a white paper about DAOs. In it, they outline a brief history, strengths and weaknesses of DAOs, practical insights into starting and managing DAOs with best practices, and a break down of the types of DAOs. The report acknowledges that DAOs are ultimately still in their development so their full potential remains to be seen. It's a great primer for anyone looking to get a solid base for understanding DAOs, and promising that WEF is looking into these structures as an organizational form.

Something to stay positive: Words of wisdom from Collision Conferences Opening Night

We'll be honest- we know that things have been tough (in the crypto world and evidently in the normal world,) so we wanted to share a moment from last week that stuck out to us. Last week at Collision in Toronto many notable speakers took the stage, including CEO of Dapper Labs Roham Gharegozlou, but what we wanted to share were the remarks from MaRS CEO Yung Wu and author Margaret Atwood that stuck with us especially in this time:

Yung Wu: "If you are in the business of creating something from nothing, you better be an optimist. This is a time for small groups of committed people to do special things."

Margaret Atwood: "I’m really old and I can remember when it’s been worse."

Deep dive: Startups in web3 to watch

To close off our month of business and entrepreneurship, here are some startups we've come across in the last week that are worth watching 👀

• R Labs is a minority-led and women-lead team building a purpose-based ecosystem in web3 where every action will aim to create a positive impact in the real world

• Neol is creating a web3 enabled talent and learning platform centered on challenges that matter and tie directly to the UN SDGs

• Magic Eden is the NFT marketplace for Solana now valued at $1B. While the company itself is interesting, the founder's story about how he was broke and living on a sailboat after his last company failed is inspiring in and of itself

• Hivemapper is a people-powered version of Google Maps

• Molecule turns research projects into DAOs to increase funding opportunities

• And Casama is something exciting one of us is working on 👀

We want to hear from you!

We explored this format (monthly themes) for the last 3 months so now we're going to revisit that decision and make some tweaks for the next few months. Your feedback would be greatly appreciated, so please take 3 minutes and leave us your thoughts.