*** Learn about crypto investing: https://www.interaxisacademy.com/ *** ShapeShift, one of the oldest cryptocurrency exchanges in the US decided to turn into a DAO. How will this play out and will other companies follow suit? In this video, we break down what this transition means for the crypto space, and if this is something that other private companies will follow. Contents: 00:00 - What is ShapeShift doing? 03:06 - Decentralizing through code and governance 04:15 - What will the FOX tokens do? 05:50 - What decentralized projects miss 07:37 - Time horizon of tokenholders 08:58 - How will ShapeShift transition? 10:01 - Will other companies decentralize this way? ShapeShift was one of the first platforms which allowed transfer between cryptos. The exchange is run by Erik Voorhees, one of the earliest advocates of Bitcoin and digital assets. This move to decentralize would mean ShapeShift becomes a DAO and turns their entire code into open-source material. There are two ways this process will play out. The first part is code. This code will be made open source so anyone can build on top of it. This will be made into application programming interfaces (APIs) to make it more community-oriented. The second is on governance. This would result in ShapeShift dismantling the original hierarchy of a corporation. Every member of ShapeShift, whether customer, community or employee, will receive FOX tokens through airdrops. These tokens will be utilized for governance. The pro with governance through a DAO is everyone participates in the governance. No decision is taken without community approval. The con with governance through a DAO is it creates rule by the majority. At times, this majority is created through a popularity contest. Large or popular token holders will dictate what the protocol does and which direction it takes. What this does is it takes away from the vision of an owner, a founder, or a small founding team. Think of companies led by Steve Jobs, Elon Musk, and more. These companies were driven by the vision of one man. Next, we deal with treasury management, which is a complicated affair. This will be made more complicated when people who don’t know treasury management are involved. ShapeShift already has money, users, and a company to manage it all. For it to move in the other direction, from centralized to decentralized will test how it manages these things. Will other companies follow suit? We’ll have to wait and see. Enjoy the video! Please subscribe to get more videos like this and leave a comment on what you’d like us to discuss next. Learn about crypto investing: https://www.interaxisacademy.com/ Get Certified as a Digital Asset Advisor: https://www.certifieddigital.org/ Find us at: Twitter - https://twitter.com/Inte ... https://www.youtube.com/watch?v=h2Oc9q0KcqI

In this video we move forward from our talk of Risk Management in the traditional sense, and on to some of the platforms that will be used to hedge in the Decentralized world. We discuss synthetic assets on a Blockchain, and highlight Synthetix. We also discuss other methods of hedging, like prediction markets Augur and Gnosis. We get a little excited at the prospects of future uses of these Decentralized hedging mechanisms. https://www.synthetix.io/ https://www.augur.net/ https://gnosis.io/ Find us at: Web - Interaxis.io Twitter - @interaxis8 Email - info@interaxis.io ... https://www.youtube.com/watch?v=0EJf7HaOruc

Decentralization is a huge, relevant topic in the new financial world. After we took a look at Centralized Exchanges, we now have to go over Decentralized Exchanges. We will discuss how they work now, and how they might look in the future. Of course, we are always keeping an eye toward their importance, and their impact on you as an investor. Find us: Website - Interaxis.io Twitter - @Interaxis8 Instagram - @Interaxis8 ... https://www.youtube.com/watch?v=XkihYVks354

In this video, we discuss the recent announcement by Coinbase regarding their Coinbase Wallet. Now, users can send USDC, a stable coin backed by dollars, to anyone via messaging apps like iMessage, WhatsApp, or Telegram. This development brings us closer to a time when traditional banks may no longer be necessary for certain transactions. As financial professionals, it's crucial to understand how this impacts your clients and their assets. Join us as we explore the implications of this advancement and the potential for businesses to receive payments in USDC, opening doors to the crypto economy. Stay informed about the latest news in crypto, blockchain, and alternative investments for financial professionals by subscribing to our newsletter. Each week we send an update about crypto, blockchain, and alternative investments for financial professionals. We break down the news as it relates to you, your clients, and your practice. Subscribe to the newsletter here: https://interaxis.beehiiv.com/subscribe ... https://www.youtube.com/watch?v=5o2ddPWTsyQ