A project to fund effective policy advocacy and educate lawmakers about the positive potential of Web 3.0
While many marvel at the growth cryptocurrency and Web 3.0 communities are experiencing, they fail to consider the opposing side of the coin (or, dare one say, token). Traditionally, new technologies have continued to follow a cycle in which they rise to the world's attention and its legislators, only to have bad actors abuse their power and consequently have the need for reform arise. Although oversight has proven to offer many benefits, such as instilling confidence in institutional investors, the opposite can be true if the right voices aren't being represented.
To ensure that legislation continues to propel Web 3.0 innovation, the community needs proper representation on their needs, values, and goals for the future. As a result, trade organizations and individual companies are funded, created and staffed. Unfortunately, these parties don't always have the community's best interests in mind, with select technologies and business models being favored over others. In many cases, unfavorable outcomes are commonplace since money and power stifle future developments.
Responding to this concern is the LobbyDAO platform which aims to decentralize policymaking by giving the global community a say in what comes of Web 3.0.
LBY tokens will enable holders to participate in discussions, advocate for DeFi and educate lawmakers about the positive impact of Web 3.0, therefore ensuring the voices of the community are heard.
"We founded LobbyDAO to keep Web 3.0 the vibrant, innovative, decentralized community it was born to be. The imminent threat we face today may be our own success. In the space of a few short years, Web 3.0 has rapidly expanded and the world's governments are beginning to take notice. Regulation is definitely on the
Read more on cointelegraph.com
