TL;DR: When we started the Alchemist Program back in February this year, little did we know it would take on a shape of its own – to become one of the most vibrant community programs in web3, with 2500+ members participating from over 100 countries. The next step of the program’s evolution from being community-led to community-owned is here.
Today, we are excited to announce the launch of AlchemistDAO at MCON 2021 in Denver. AlchemistDAO stems from the first version of the Alchemist Program and brings together a community of innovative data-nerds within the Covalent network, breaking barriers, and creating a new economy powered by data. We want the Alchemists to explore aspirations, pursue queries, and own their future in a space where contributions become currency.
We believe that everyone should have access to education, a high-quality network, career opportunities, and a space to explore their purpose. With AlchemistDAO, we are creating that space for data nerds like us, who want to understand more about the data and the possibilities that it unlocks.
TL;DR: On last week’s Twitter Spaces we dove into hype cycles in crypto. Joining Ganesh was Joel John from LedgerPrime, Marc Weinstein from Mechanism Capital, Siddharth Jain from DefiDollar and Covalent moderator Pratik Gandhi. Our panellists explored three topics; platforms vs. applications, exogenous factors driving demand, and investment cycles. The consensus was that we have yet to cross the chasm to the mainstream market, but this cycle has created a lot of opportunities for both individuals and investors. Wise practices in hype cycles are to follow the teams who have a strong core and who contribute value regardless of the market conditions.
Join us every Wednesday at 10 am Pacific as take apart key topics in the crypto space!
TL;DR: Our most recent Twitter Spaces featured 4 exemplary DAO founders who were gratuitous to share their thinking behind DAO infrastructure. We had Dennison Bertram from Tally, Cooper Turley from Audius, Eyal Eithcowich from DeepDAO, Shreyas Hariharan from Llama with Pratik Gandhi from Covalent moderating. We discussed a wide range of topics from the core ideas that make DAOs tick, to the current state of infrastructure, gaps/opportunities to builders, treasury management best practices to governance/legal frameworks.
This session was by far our most attended Twitter Spaces session we’ve had with over 200 members listening in at its peak.
‘DAO’ stands for Decentralized Autonomous Organizations: think of internet-native communities with a built-in governance framework tied in an executable code. The members of a DAO go after a shared set of goals to use web 3 native tools to make decisions open, transparent, and efficient.
TL;DR: Building an ecosystem is challenging – especially when it is still at its nascent stage. Our most recent Twitter Space featured Erik Ashdown, Covalent’s Head of Ecosystem Growth who breaks down the ecosystem growth in little pieces. He touches multiple facets of the Web 3 ecosystem from what it is, how to scale from the ground up, what chops you need, who the key players are, and how we at Covalent have been building the ecosystem.
There are multiple ways to grow the ecosystem but we have found the recommended strategies the most efficient and effective. These strategies stand at the intersection of collaboration, innovation, and creating value.
Covalent, along with our ecosystem partner, RSK, are delighted to announce the winners of over $20,000 in prizes for the #OneMillionWallets campaign! With nearly 400 participants, we received an impressive 100+ templated challenges submissions by non-developers participating as part of the community challenges and an impressive 10+ production-level hackathon submissions.
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