#Web3 #GovTech: Project hunt

This space is hosted by 0xUrbanika

Space Summary

The space revolved around projects democratizing governance in web3, stressing community collaboration and the impact of decentralized models. It shared insights on Optimism’s role, explored new design spaces in the web3 world, and expressed positivity towards projects improving society. Diverse perspectives’ significance and technology’s role in wider participation were acknowledged. The Twitter space underscored the value of engaging in web3 for societal progress and highlighted the positive impact of community-driven initiatives in the blockchain ecosystem.

Questions

Q: What was the focus of the Twitter space discussion?
A: The discussion focused on projects democratizing governance and increasing participation in the web3 space.

Q: Which project was mentioned for its impact on governance mechanisms?
A: Optimism was mentioned for its impact on governance mechanisms during the conversation.

Q: What role did Optimism play in the conversation?
A: Optimism’s role in governance mechanisms was discussed, highlighting its significance in the web3 ecosystem.

Q: Why is community collaboration important in decentralized governance?
A: Community collaboration is vital in decentralized governance as it enhances effectiveness and ensures a broader range of perspectives are considered.

Q: How are participants exploring design spaces within web3 projects?
A: Participants shared insights on exploring new design spaces within the web3 ecosystem to drive innovation and advancement.

Q: What was the overall sentiment towards projects aiming to improve society?
A: There was appreciation for projects making efforts to improve society through blockchain technology and web3 initiatives.

Q: How was the significance of diverse perspectives highlighted in the discussion?
A: The discussion highlighted the importance of diverse perspectives in governance decision-making for more comprehensive and informed outcomes.

Q: In what way did technology enable broader participation in governance?
A: Technology enabled broader participation in governance by facilitating inclusive decision-making processes and engagement.

Q: What reflections were shared on the value of engaging with web3 initiatives?
A: Reflecting on the value of engaging with web3 initiatives, participants emphasized their role in driving societal progress and positive change.

Highlights

Key Takeaways

• Focus on democratizing governance and increasing participation in web3 projects.
• Community collaboration and engagement are crucial for effective decentralized governance.
• Insights shared on Optimism’s role in governance mechanisms.
• Exploration of new design spaces within the web3 ecosystem.
• Appreciation for projects aiming to enhance societal well-being through blockchain technology.
• Valuing community-driven initiatives for their positive impact on the blockchain ecosystem.
• Recognition of the importance of diverse perspectives in governance decision-making.
• Technology enables broader participation and inclusion in governance processes.
• Reflection on the value of engagement in web3 projects for societal progress.
• The space highlighted the significance of active participation and collective efforts for positive change.

Behind the Mic

[ “Hello, everyone.”, “Thanks for joining the Taraxa Monthly Development Update.”, “Mihai has a brief update on some aspects that are basically mostly in the interest of the people that are developing on top of the APIs that we are currently offering.”, “First thing, we’re quite happy that we managed to join Forta.”, “Congratulations to our Forta integration team and basically to all the people working on the APIs.”, “The rank on Forta is actually quite nice.”, “We rank among others in a very good place.”, “There are some things that we need to work on, that we improve, like our latest security incident.”, “We decided to take the tiger by the tail and we increased our security standards and procedures a lot.”, “We are deploying on renewed procedures.”, “These involve deployment on the development branch, deployment on the QA branch, deployment on the staging branch.”, “The issue that we have is that basically most transactions were ranked by the time it takes for them to be included in blocks.”, “That’s not necessarily correct because actually most nodes receiving transactions propagate them further.”, “Their ranking systems should take into account also this propagation metric.”, “So we’re still working on it.”, “Our newly integrated DevOps team is really working on this.”, “Okay, this is mostly from my side.”, “Mihai, if you’re ready, please take over.”, “Thank you.”, “Okay, thanks a lot, Eugene.”, “Hi, everyone.”, “For those of you who don’t know me, my name is Mihai.”, “I’m a researcher at Taraxa, and I’m also the project manager for the Taraxa network.”, “Yeah, thanks a lot for the update, Eugene.”, “I’ll continue a bit with this basically the development part, and for those of you who are not aware, we have two main aspects of our development.”, “The mainnet is currently up and running.”, “It has been since March this year, and there are certain applications that are currently being developed.”, “However, there is no functionality deployed on mainnet as of now.”, “There are multiple ways for you to get involved with projects on Taraxa.”, “So we have our Hackathon that we launched last year, and we have the grant program.”, “By the way, bridge is on time.”, “Hackathon’s going great.”, “We’re moving to the judging phase.”, “Aspen was activated last month.”, “Everything going smoothly.”, “It also caps the overall tariff supply to 12 billion, and it made staking yields a lot more fair.”, “And please be on the lookout for Echo, our decentralized infrastructure for AI agents.”, “So you’re going to be hearing a lot more of that coming, all right?”, “So thank you very much.”, “And in the future, every second Tuesday of each month, we’re going to be doing these verbal updates through spaces and submit your questions ahead of time so that we can get it covered.”, “Thank you very much for listening on this April development update for Taraxa.”, “Bye.” ]