Weekly Update: When Markets Crash, JournoDAO BUIDLs
Photo by Maxim Hopman on Unsplash

Weekly Update: When Markets Crash, JournoDAO BUIDLs

Well, it’s been quite a week in the world of crypto – the sky is falling, the coins are crashing and the centralized big guns are learning what “budgeting” looks like in a bear market as they lay off large chunks of their staff.

Never fear, the journalists are here – building, plotting, planning and sweating through the chaos! But seriously, we know it's a wild time right now for our ecosystem of builders and regen/degen community and hope everyone is navigating the roller coaster with patience, mindfulness and some community to help you through!

Regardless, we’re here to explore what’s possible in a decentralized media world and we’d love to have you join us on that mission. If you’re not already in our server, please click here to get started!


Growth & Goodness

One massive area of both growth and goodness is the new voting platform we're helping develop in partnership with Re-Public and Factland. If all goes well, this new voting platform will be how JournoDAO expresses the will of each member more efficiently than any other tools out there.

Among its features is the use of non-transferrable tokens, which avoids the financializatino of governance that we're seeing take down so many promising DAOs.

There will be a public demo, walk-throughs, and docs released in the coming weeks and months.

In other news, we hopped on a few calls with the crew at Photure to explore the visual minting app they are building and how journalists can leverage the technology to report news in real time from their phones and mint NFTs of their stories at the same time to support their work, all from the Photure app!  We love their passion and vision for understanding what’s possible for journalists using web3 tools to cover the vital stories our communities are facing right now.

And of course– our Gitcoin GR14 grant is live and we’re excited to see those who are supporting our mission through donations in such a wild crypto market! As of June 14, 2022 we’ve raised $87 and have a matching fund of $2 and while we’re hoping to grow this funding round to help support our mission, we’re so grateful for those who’ve supported our work to date!

Conversations & Town Halls

Our Town Hall and Twitter Spaces allowed us to explore some JournoDAO initiatives on a much deeper level. Here’s a snapshot of our agenda from last week’s town hall.

Our weekly Spaces was on fire featuring a new journalism DAO called News3 DAO. News3 was founded by seasoned journalists and film industry professionals who are creating a community and tools to support independent journalists. Be sure to follow their progress and follow them on Twitter!

Twitter Spaces: https://twitter.com/JournoDao/status/1534958735604391937

And in case you missed it last week, we also did an educational walk through of how to mint writing NFTs using Mirror’s new minting process on Optimism. Check the video out here if you are curious! https://www.youtube.com/watch?v=krfSQfeVVtg

Proposals & Partnerships

We’ve decided to press pause on our Founder NFT launch given the state of the market right now. We have things in motion behind the scenes, building out the technical aspects of the NFT, but we’ll revisit the timing of the launch once the entire ecosystem isn’t biting their nails and frantically checking TradingView and CryptoTwitter to see what is collapsing, de-pegging or getting rugged. Some of us have been through this roller coaster before and just know that while it may feel wild and chaotic, these cycles are “normal” in any market, just a bit amplified and unhinged in crypto.

We’re working on several collaborations right now and hope to have public updates as soon as they are finalized. One project we’re very excited about is working on a data analysis and investigative reporting project using some amazing new data aggregation tools created by a DAO in our ecosystem. We’ll slip out more details as it comes to life, but we’re super excited to show reporters just how valuable the transparency of cryptocurrency transactions are for reporting on a multitude of issues.

Thanks so much for supporting our mission and please share this update on the Twitters and in your community! And if you haven’t already, please submit the form below and join our mission!

Please share this update with your community and apply to join our DAO using this link. We’d love to see you in the Discord!