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Aragon DAO votes to sue its founders after they unilaterally decided to dissolve its governing body and reallocate assets. The members of Aragon DAO, a platform that allows developers to create and scale DAOs without coding, have decided to initiate legal proceedings against its founders . This action comes in response to the founders ’ decision to disband the organization’s governing structure and reallocate the majority of its assets to its tokenholders, a move that was made without the consensus of the DAO community. The controversy began on Nov. 2 when the Aragon team announced the dissolution of the Aragon Association, intending to distribute the organization’s funds to ANT tokenholders by allowing them to exchange their tokens for Ethereum. This plan involved redistributing approximately $155 million in digital assets. The @AragonAssoc deploys most of the treasury (>$155m, 87%) to allow all token holders to redeem ANT for ETH, dissolves itself, and pas...

Metis co-founder Elena Sinelnikova delves into the world of layer-2 blockchain technology, and its potential to transform how we interact, collaborate and build the decentralized economy of the future. In episode 13 of Cointelegraph’s  Hashing It Out podcast, Elisha Owusu Akyaw sits down with Metis co-founder Elena Sinelnikova. Metis is an Optimistic Rollup built on Ethereum to explore the world of layer-2 Blockchain technology, and its potential impact on decentralization, scalability and real-world applications. Sinelnikova shares her unique insights and experiences in the rapidly evolving Blockchain space, and gives us a glimpse into the future of decentralized autonomous organizations (DAOs) powered by Metis. The conversation begins with Sinelnikova providing a comprehensive introduction to Metis, its mission and the challenges it aims to address in the current Blockchain landscape. Next, she dives deep into the limitations of Ethereum’s layer 1, highlighting issues such as high g...