ChainCatcher news, the Web3 membership community ARC Community co-founder icunucmi announced that ARC Community has completed over $4.5 million in community round financing. ARC is connecting influential figures among global Asian expatriates to collaboratively contribute ideas, resources, and networks for its pioneering social entrepreneurship studio.The long-term vision and common goal of ARC Community is to advance the development of the Web3 field in Asia through its social entrepreneurship studio, keeping its community at the forefront through collective value creation.

ChainCatcher news, the Web3 community platform OpenSocial Protocol has raised $6 million, led by Framework Ventures and North Island Ventures, with participation from Hivemind Capital Partners, Stratos, Moonrock Capital, and others. The funds will be used to expand its multi-chain technology and support web3 community applications.OpenSocial aims to enhance intellectual property, community relations, and financial incentives to help with user retention and growth.

ChainCatcher news, the Web3 community-driven gaming ecosystem SlingShot DAO has announced the completion of a $3 million funding round, with participation from Alphabit Fund.According to the Web3 asset data platform RootData, SlingShot helps coordinate community members to transform pure ideas into concepts, and then into real experiences. Community members submit ideas through the SlingShot application interface to gain new and exciting games and experiences. They vote on their favorite game ideas displayed on the leaderboard. Rewards are claimed for their participation (submitting ideas and voting). Members can also build - talented individuals, small teams, and studios receive support from the SlingShot DAO Treasury to develop winning concepts.

ChainCatcher news, Forbes magazine announced on its official website that it will collaborate with Memeland to host a Web3 community event at NFTNYC.It is reported that this collaboration aims to demonstrate Forbes' ongoing investment and belief in the Web3 ecosystem, as well as the importance of community-driven events that bring together Web3 members to connect, share ideas, and build lasting relationships in this innovative space.

ChainCatcher news, as the announcement date for India's Federal Budget 2024 approaches, India's Web3 community is urging for amendments to cryptocurrency tax regulations. Despite calls from the Web3 community over the past two years, the Indian government has yet to revisit the tax laws related to cryptocurrencies. Many in the industry believe these laws hinder the growth of cryptocurrency in India and lead to a brain drain to more crypto-friendly countries.The Indian cryptocurrency community has been using the hashtag "#ReduceCryptoTax" on social media platforms to express three main demands to the Indian government, including advocating for more flexible tax rates, reducing the Tax Deducted at Source (TDS) on each cryptocurrency transaction from 1% to 0.01%, and allowing loss carryforwards similar to the stock market.

ChainCatcher news, according to official sources, the first YIBI Maritime Silk Road Alliance Cup, a poker tournament for the NFT and Web3 community co-hosted by YIBI and Zeta Chain, will be held on November 2 in Kowloon, Hong Kong. This invitation-only tournament is sponsored by Web3 projects such as LittleMami (LMC), Card3, ILOVENFT, Yuliverse, and supported by clubs like Strategic Elite Club, Poker One, The Master Twelve. It has invited over 30 well-known NFT communities and more than 20 prominent projects from around the world, along with numerous VCs and KOLs, including Elite Apes, Ape101, BAYC SG, BAYC JAPAN, CAC, Crypto Punk CN, Pudgy Penguins CN, ClonexXGC, etc.The event aims to challenge oneself in a fun and exciting way, interact with WEB3 friends, and create more enjoyment. Additionally, the event will provide special gifts and customized merchandise for guests. More notably, the top 15% of players in the competition will share a poker NFT pool of up to $40,000! (source link)

ChainCatcher message, according to information from the Web3 community NounsDAO official website, NounsDAO has launched a fork page, allowing community members who support the fork to choose to join the fork and split the DAO treasury. The time window for supporting the fork is one week. After the window period ends, if 20% of Nouns NFTs support this fork, the supporters will be separated from the main NounsDAO and will split a corresponding proportion of ETH from the project's treasury.

ChainCatcher news, the Web3 community management tool Rep3 tweeted that it has completed its Pre-seed funding round, with specific financial details not disclosed. Better Capital and Lightspeed India led the round, with participation from former Coinbase CTO Balaji Srinivasan, Superteam's Akshay BD and Tanmay Bhat, Bankless podcast host Ryan Sean Adams, Ren Roy, Polygon founders Sandeep Nailwal and Jaynti Kanani, Biconomy founder Aniket Jindal, JediSwap founder Rohit Goyal, and Artium founder Supriyo.Rep3 helps crypto projects manage their communities, members, and contributions through gamified tools, allowing communities to provide dynamic, upgradeable NFTs to their members that represent their membership in the community to build on-chain reputation, thereby gaining benefits such as low-cost staking and fair voting.

ChainCatcher news, the Web3 domain and identity platform SPACE ID announces the upcoming launch of SPACE ID 3.0, which allows the Web3 community to launch domain services without permission. SPACE ID 3.0 includes a permissionless one-stop issuance toolkit, a Web3 domain SDK, and a domain management platform (Domain Dashboard), enabling projects, communities, and individuals to easily launch their own domain services. The Space ID 3.0 upgrade will be rolled out in multiple phases over the next few weeks.SPACE ID states that DAOs will play a significant role in the governance of SPACE ID 3.0. For example, ID token holders will have more governance power and responsibilities, including determining the legitimacy of top-level domains and the required verification standards; ID tokens must be staked before using the SPACE ID 3.0 protocol and tools; and additional revenue will be generated for the DAO treasury from the protocol fees charged for top-level domains launched on SPACE ID 3.0.In addition, SPACE ID 3.0's partners will include, but are not limited to: Sei, Injective, ZetaChain, PancakeSwap, KuCoin Community Chain, Gnosis Chain, and Opside.

ChainCatcher news, the Web3 community incentive startup ValuesCo announced the completion of a $2.7 million seed round financing, with participation from Web3 funds Flori Ventures, Metaweb Ventures, OWN Fund, and angel investors including Celo President Rene Reinsberg.ValuesCo (formerly Socialstack) creates a community-driven rewards ecosystem for brands, creators, and non-profit organizations, enabling the Web3 community to design and launch social tokens without coding or blockchain knowledge. Users can also instantly create wallets by logging in via phone/email. Its products are built on the Ethereum, Polygon, and Celo blockchains, transforming marketing and community interactions into participatory experiences. (Source link)

Chain Catcher news, the Web3 community gaming platform Iskra announced the completion of a $40 million financing round, with participation from South Korean internet giant Kakao's incubator Krust Universe, WeMade, Netmarble, LINE Studio, and others. It is reported that Iskra aims to coordinate community interests by integrating sustainable token economic solutions for game developers.Chain Catcher previously reported that Iskra completed a $34 million financing round in April this year, led by Krust Universe, with participation from WeMade, MetaBora, Neowiz, NHN Bigfoot, Fast Ventures, Liberty Investment, and Kakao Ventures. (Source link)