5 must-reads in the evening | DAO doesn’t need a CEO, they need a mission

1. Golden Observation | Opinion: Why NFT is better than traditional subscriptions

Reddit product director Peter Yang wrote on May 5 that NFT is better than traditional subscriptions and is the subscription of the future. Because they let fans share the revenue and allow creators to target the willingness to pay of multiple fans, I think this is one of the most exciting trends in web3. click to read

2. Golden Observation｜Comments from various parties: The Fed’s May interest rate meeting released a dovish signal

In the early hours of Thursday, Beijing time, the Federal Reserve Monetary Policy Committee issued a May resolution. The Fed decided to increase the US federal funds rate by 0.5% (that is, an increase of 50 basis points) in order to reduce the high inflation rate in the United States. After the rate hike, the federal funds rate range increased to 0.75% to 1%. This is the first time in 22 years that the Fed has raised interest rates by 0.5%. At the same time, as the biggest change in this resolution, the Federal Reserve officially announced that it will gradually shrink its balance sheet starting from June 1, and plans to gradually increase the scale to 95 billion US dollars per month within three months. click to read

3. The 40,000-word report interprets the legal risks of China's NFT industry

Undoubtedly, the Metaverse is a vast and vast deep sea far larger than NFTs, where reality and ideals intertwine, where spirit and matter collide, and where reason and emotion merge. How will the law govern the Metaverse? What kind of laws will be born in the Metaverse? click to read

4. Discussion on the 40,000-word long article: How to capture the value of ZK Rollup and what kind of innovative applications will it produce?

Ethereum is about to usher in its Layer 2 era, and ZK Rollup is one of the best solutions among all L2 expansion technologies. What kind of sparks can zero-knowledge proof technology plus Rollup expansion technology create? How is ZK Rollup better than other scaling technologies? How can it be adopted quickly? From the perspective of investment, how to capture the value of the ZK Rollup era, and what kind of innovative applications will it produce? I hope the discussion in this article can bring you some inspiration. click to read

5. DAOs Don’t Need a CEO They Need a Mission

"DAOs don't need a CEO, they need a mission" These comments are filled with mixed reviews - some seriously disagree that a single CEO is too centralized, while others believe that DAOs need more direction, Centralized leaders can provide this guidance. They're both right, and the DAO's desire for direction and unity is a given - the chaos of today's DAOs can quickly become very tiresome. But a CEO is the opposite of decentralization, if a DAO has a CEO, is it still a DAO? click to read