DAO Council Communication Thread

[Fehz]

Introduction

Following the successful proposal to establish a Council for the Decentraland DAO, elections were held to determine its members. As a result, @maraoz, @agus, @metaryuk, @canessa, and @fehz were elected to the five available seats. Council members’ mandate includes creating and overseeing the Executive Arm, approving annual strategies and budgets, and ensuring alignment with the DAO’s mission.

As Council members, we are committed to transparency, so this communication thread will serve as a space to provide regular updates on key decisions and ongoing discussions.

Communication

As we consider the communication between the DAO and the Council should be open, accessible and transparent, we encourage reaching out through the following channels:

1. This communication thread - for regular updates and DAO Council Meeting minutes
2. Office hours - opportunities for direct engagement.
3. DAO Town Halls - broader discussions with the community.

Next Steps

Moving forward, we will continue to share written updates on our work within the DAO. You can also engage with us in any of the communication channels mentioned above for further discussions.

[Fehz]

DAO Council Charter

I. Establishing the DAO Council Charter

The DAO Council serves as the governing body of the Decentraland DAO, representing stakeholder interests and providing oversight of Executive Branch’s management. The main responsibilities of the Council are:

• Provide oversight to ensure the Executive Branch is in alignment with the DAO Mission.

• Represent stakeholders (MANA & LAND holders, content creators, developers, and community members).

II. Governance Processes & Decision-Making Structure

The Council will determine its internal governance procedures and rules for decision-making and dispute resolution, keeping them as minimalistic as possible.

Basic Voting Rules:

• A simple majority quorum of Council members must be present for valid votes.
• Decisions require a simple majority of those present to pass. Each Council member has one vote, and decisions require a majority vote (3/5, given our current Council size).
• Council members must be present (in person or virtually) to vote - no proxy voting.

All Council decisions that directly impact the Executive Branch or indirectly affect the DAO may be vetoed through the standard three-stage governance process.

III. Forming the Executive Branch

The DAO Council is not an execution arm but instead acts as an oversight body. One of the Council’s main responsibilities is to hire an Executive Director (ED) in order to:

• Develop a comprehensive 2025 Executive Branch Plan (covering operations, funding, execution strategies, and team structure).
• Recruit and structure the Executive Team, ensuring we have a well-organized unit executing DAO initiatives.
• Ensure transparent reporting mechanisms to track progress and results.

The ED should be an experienced leader in decentralized governance, operational strategy, and Web3 ecosystems who will be directly accountable to the Council.

IV. Community Engagement & Transparency

The Council will establish standardized communication channels for both internal and external use, ensuring efficiency and transparency.

• Communication Thread: to serve as a space to provide regular updates on key decisions and ongoing discussions.
• Quarterly Governance Reports to update the community on key decisions and progress.
• Open Feedback Mechanisms: Office Hours, AMAs, forums, governance portals, and social channels.

Next Steps:

1. The Council will announce the hiring of the new ED before the end of the week.

2. Collaborate with the ED on a comprehensive 2025 DAO Executive Branch Plan by April 3rd.

• By ensuring this document aligns with the DAO’s mission, detailing clear deliverables and milestones, budget and support the ED to ensure effective implementation.
• By ensuring coordination with the Foundation’s objectives to avoid redundancies and maximize synergies, fostering a cohesive and efficient governance strategy.

–
This document was approved unanimously by:
@maraoz, @Fehz, @MetaRyuk, @Canessa, @Agus

[Fehz]

EXECUTIVE DIRECTOR ELECTION

As the proposal for establishing an Executive Arm to improve DAO operations has passed, and the foundations and basic framework for the adjacent organization are set, a vote has been executed to elect an Executive Director (ED) for the aforementioned organization, as this is defined as one of the core responsibilities of the DAO Council.

After reaching out to and consulting with several candidates, the DAO Council’s unanimous decision was to elect @ginoct to fulfill the ED role.

As a next step, the Council and elected ED will present an 18-Month Objectives & KPIs strategic document.

–
This document was approved unanimously by:
@maraoz, @Fehz, @MetaRyuk, @Canessa, @Agus

[Fehz]

Decentraland DAO Executive Arm: 18-Month Objectives

As we announced a few days ago, following internal debates based on the project’s lifecycle, assessments conducted considering past community inputs, and challenges faced by the DAO -those aspects that, due to a lack of organization, ownership, or mechanisms, were left unaddressed- were considered for the development and outlining of a high-level framework.

(DAO Council) Decentraland DAO Executive Arm: 18-Month Objectives

The Council internally discussed ideas and priorities for this framework, aiming to represent as many perspectives and ecosystem stakeholders as possible. This framework was debated collectively, and each council member reviewed the objectives directly with the ED through one-on-one meetings to avoid bias, incorporate individual viewpoints, and enrich the content. As a result, the creation of a comprehensive, high-level strategic document was promoted, detailing the general principles and medium-term (18 months) global objectives of the executive branch.

We adopted this approach to be as flexible as possible and to add responsiveness to community feedback, emerging opportunities, and evolving needs. That being said, it is also important to highlight that, for these same reasons, this document can be considered a ‘living document’, subject to slight modifications.

Following this announcement, complementary documents will be published in the coming weeks with a deeper breakdown into specific objectives, initiatives, KPIs and the executive branch budget.

[maraoz]

DAO Council Quarterly Report (Jan–May 2025)

Author: @maraoz
Date: May 5, 2025
Signatories: @agus, @metaryuk, @canessa, @fehz, @maraoz

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Background: Council Formation

In January 2025, the DAO Council was created to oversee the Executive Branch, approve strategy and budget, and uphold the DAO’s mission. Since then, the Council has been having first weekly, then every two weeks, and now monthly meetings. Since the election of the Executive Director, Council members have also been advising and helping him privately and on a Discord channel. This is a summary of the decisions and events since then, and the first Council quarterly report.

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Milestones

• Feb 10 – First Council meeting.

• Feb 17 – Council Charter published defining roles, governance rules, and decision-making.

• Mar 10 – OpCo Proposal advanced from Draft to Governance. Council defined it will approve the overall budget and delegate execution to the Executive team with oversight.

• Mar 13 – Council defined Executive Director’s job description and compensation.

• Mar 18 – Gino appointed as Executive Director after evaluation of multiple candidates.

• Mar 18 – Community “Meet The Council” event, organized by @ToxicWaifu, held in-world with Council participation.

• Mar 24 – Council meetings are held every two weeks from now on.

• Apr 7 – Defined process for integrating community feedback.

• May 5 – Defined a quarterly report schedule: May - Aug - Nov - Feb. Also, from now on, Council meetings are monthly. Executive Plan, Budget & Objectives reviewed and approved after Council feedback. (edit: date was incorrect in a previous versions)

• May 11 – Executive Plan, Budget & Objectives published.

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Next Steps

• Transfer approved budget to Executive Branch.

• Support Executive Director on short term objectives: legal structuring, hiring, and treasury management.

• Maintain oversight and gather ongoing community feedback.

[Fehz]

Approval of Budget and Executive Arm Initiatives

Carrying on with the planned course of action, we’re pleased to announce that the DAO Council has unanimously approved the Budget and Executive Arm Initiatives documents.

These documents represent a foundational step toward strengthening the Executive Arm’s organizational structure. While not exhaustive, they are intended to serve as living guides, informing our approach to hiring, team structuring, and funds allocation in alignment with our mission and evolving priorities.

The budget and its corresponding breakdown have been discussed and reviewed in depth, ensuring a cohesive and coherent view on proposed allocations, strategic priorities, and the rationale behind each funding area.

Below, you’ll find the corresponding documents:

• Decentraland Executive Arm Strategy
• Budget
• Budget Sequencing

Through this post, the DAO Council is formally requesting the DAO Committee (@Rizk @HPrivakos @Tobik) to transfer the approved budget from the DAO Treasury to a newly established Multisig wallet. This wallet will be jointly managed by members of the Executive Arm and the DAO Council, with the Council holding veto power on all transactions to ensure accountability and alignment with the DAO’s strategic direction.

The full details of the Multisig configuration and its designated signers will be publicly disclosed in the coming days to maintain transparency.

[Fehz]

Regenesis Labs Multisig Configuration

As previously stated, and after conversations with the ED and DAO Committee, we will publicly disclose the full details of the Multisig configuration and its designated signers.

Address: 0x93AcCD5b8AEE795C6efcfdEDFE4a292e59e00e84

The initial set-up for the new MultiSig wallet that will hold the Regenesis Labs assets will be governed by 5 signers:

3 wallets from DAO Council members

• @Canessa
  • 0xfa5299221f56Ef1A7b0FdD957E3e0513265d9Ce8
• @Fehz
  • 0x41FC2e74c497244C2A826494e0c38e3274BC7659
• @Agus
  • 0x5D3935c5831CacE133140cD5dd21bCd64f72F804

2 wallets from Regenesis Labs

• @ginoct
  • 0x0030d4AAf6d8716C1B12d6C912AedB100351BaB3
  • 0x71C23e51104Babc7aF1BB93fD44242F7D4b7d59A

To execute this initial set of transactions from the DAO Treasury to Regenesis Labs treasury, a minimum threshold of three out of five signatures will be required for the multisig configuration. This temporary arrangement will allow progress while the ED hires and appoints other operational roles to the vacant Multisig seats during the early phases of fund management.

After the initial set of transactions, once Regenesis Labs hires and appoints at least two trusted members to hold signing authority, the multisig’s power balance will shift. The three out of five threshold will remain, but the composition will change to three signers from Regenesis Labs and two from the DAO Council (@Agus will be removed as a signer).

Canessa and Fehz will retain their roles as signers with veto authority, while day-to-day financial management will transition to the Regenesis Labs, looking towards efficiency without compromising oversight. To accomplish this, we will use a custom module to allow DAO Council signers to block the transaction during the cooldown period.

This configuration will become the default, aiming to balance the accountability and distribution of power between the DAO Council and Regenesis Labs.

[MetaRyuk]

DAO Council Quarterly Report (June–August 2025)

Author: @metaryuk

Date: August 5, 2025

Signatories: @agus, @metaryuk, @canessa, @fehz,

Key Points/Events in the last three months

• Maraoz’s resignation from the DAO Council.

• Raised proposal to transfer 23,716,538 MANA (or DAI equivalent) from the DAO Treasury to the Council/Regenesis Lab multi-sig wallet.

• Raised proposal to transfer 23,716,538 MANA to multi-sig for Regenesis Lab operations passed and enacted.

• Disclosed details of Regenesis Labs Multisig Configuration

• Transferred approved budget to Executive Branch. [Link 1, 2]

• Defining and structuring the DAO treasury management strategy, and reviewing the security of the DAO treasury operations (ongoing).

• Published open application call for a DAO Council position.

Next Steps

• Publish Veto procedure (governance proposal)

• Publish the DAO Council Member hiring proposal for community vote

[Agus]

Decentraland DAO Treasury Management Strategy

Why We’re Taking Action

Decentraland is entering a new stage of operational maturity. With the DAO Council & Regenesis Labs guiding our next phase, it’s essential for the DAO to establish financial stability, manage market volatility risks, and ensure long-term resources to support ongoing innovation. While our commitment to MANA as the cornerstone of our ecosystem remains strong, responsibly managing the treasury through diversification safeguards our mission and empowers the community of creators and builders.

Our Commitment

• Protect Our Core Mission: Ensure market fluctuations do not compromise the integrity and continuity of Decentraland’s mission.

• Enhance Financial Stability: Responsible diversification reduces exposure to volatility, creating a stable runway for supporting Regenesis Labs and future DAO operations.

• Support Sustainable Innovation: Provide a secure financial foundation that enables continuous innovation and experimentation without interruption.

Guiding Principles

1. Responsibility and Strength: Diversification strengthens the DAO’s resilience, complementing – not replacing – our MANA holdings. It proactively secures our financial health.

2. Transparency and Accountability: Clear communication and accountability to the DAO are priorities. We will continue being transparent regarding the DAO’s holdings, commitments, and guiding principles.

3. Sustainability as a Priority: Strategies will focus on maintaining a stable & sustainable financial runway without exerting unnecessary selling pressure on MANA.

Strategic Goals (over the next 18 months)

• Treasury Diversification: Carefully diversify 40–60% of our current DAO vested treasury holdings into stable and liquid assets to mitigate risk.

• Yield Optimization: Deploy treasury assets into low-risk, audited protocols with strong track records, with capital protection as the top priority.

• Securing Operational Funding: Guarantee 24 months of operational runway in stable assets, ensuring uninterrupted funding for Regenesis Labs and key DAO initiatives.

• Liquidity Provisioning:
  Provide protocol-owned liquidity to support deep, low-slippage trading markets for MANA on Ethereum and Polygon, maintaining healthy trading environments and supporting ecosystem activity.

• Expansion into Strategic Markets:
  Begin preliminary positioning for strategic growth in the Asia Pacific region, where new creator communities and partners can drive meaningful platform adoption.

Implementation

The DAO Council has evaluated proposals from multiple top-tier providers across the ecosystem, gathering insights into best practices and optimal approaches to achieving our treasury goals. Once a decision on our preferred partners is finalized, we will communicate transparently to the community and arrange opportunities for discussion and clarification.

Treasury Custody & Mandate Clarification

As recently ratified in the DAO-approved proposal “[ADDENDUM] Establishing an Executive Arm to improve DAO Operations”, Regenesis Labs, acting via the Council’s multisig wallet (0x93AcCD5b8AEE795C6efcfdEDFE4a292e59e00e84), is the executional and operational entity responsible for managing DAO funds.

This includes:

• Full authority to allocate, diversify, and secure the DAO Treasury based on the approved strategy.

• Authority to bypass previous structural limitations to ensure timely execution.

• Exemption from the “Limit Fund Appropriation to Grant Proposals” rule, treating Regenesis Labs as a special execution arm.

While the DAO Committee remains formally designated, its authority over operational treasury decisions is superseded by the Council per the approved governance mandate. The future of the DAO Committee will be addressed in a separate discussion.

The DAO Council is ultimately responsible for the strategic direction and integrity of the Treasury Management plan. While Regenesis Labs has been empowered to execute the day-to-day operations, the Council will supervise all actions to ensure alignment with the DAO’s mission, financial safeguards, and long-term sustainability.

Next Steps

The DAO Council will share updates on partner selection and ongoing progress, maintaining clear communication with the community.

Together, we ensure Decentraland remains a sustainable and leading metaverse platform.

[MetaRyuk]

DAO Council Meeting Report

Date: Sept 1, 2025

Attendance: Agus, Canessa, Fehz, MetaRyuk

Topics Discussed:

Scope & Responsibilities
The Council reaffirmed its strategic role: providing high-level governance and oversight, not daily financial operations. This includes approving budgets, reviewing outcomes, and ensuring accountability—without micromanaging individual invoices or payments.

Regenesis Labs - Financial Transparency
Members discussed the balance between community expectations and practical implementation.

• Council level: Full access to transaction details for quarterly reviews, with authority to raise questions.
• Community level: High-level budget reporting (e.g., “salaries,” “operations”), similar to shareholder reports

Wallet Security
To strengthen security, an additional wallet signer was added. Gino has selected and added Kuruk, the engineering lead of the R&D Team, to the address 0x2831F85FD5e5188FA484823f6E663eb069Ea2746 and has removed the secondary key.

Communications & Reporting
The Council agreed to improve community communication by moving from quarterly to monthly updates. These reports will summarize key decisions. Snapshot voting records will continue to be published for transparency in governance polls and/or proposals.

Community Engagement
At least one Council member will attempt to be present in town hall sessions to help address governance-related questions and engage more directly with the community.

Ongoing Proposals
The Council continues to support the ongoing proposals — the Community Veto and the DAO Committee Deprecation & Replacement — in favor of a governance model that is leaner, more accountable, and better aligned with the community’s mandate.

Takeaway
The Council remains committed to strategic oversight, improved transparency, wallet security, and better communication with the community—while avoiding unnecessary risks from overexposure of operational details.

[MetaRyuk]

DAO Council Meeting Report

Date: October 7, 2025

Attendance: Agus, Canessa, Fehz, MetaRyuk, Monotributista

Topics Discussed:

DAO Committee Replacement Progress & Multisig Configuration
The proposal for the DAO Committee replacement is set to conclude on Friday. The new multisig configuration will consist of five seats: two from the DAO Council, one from the Foundation, one from the SAB, and one representing the community.

A geographic diversity policy remains in effect to prevent overrepresentation from any single region. Proposed multisig signers were considered and will be approached by the individual Council for their interest.

Additionally, it was agreed that operational signers would be distinct from passive signers, ensuring a clear separation of responsibilities.

Snapshot Implementation & Governance
The technical setup for the DAO’s Snapshot governance space is progressing, with the test environment targeted for launch on Wednesday. Available DCL domain names (*.dcl.eth) will be utilized to support this setup. The team agreed to operate with a single wallet that holds permission-based controls instead of a multisig to simplify management.

Gino’s veto proposal pull request (PR) is ready for merge, pending the confirmation of the final DAO Council name to complete the configuration. Once active, Snapshot will provide a more streamlined and transparent governance mechanism for proposal voting and decision-making.

Town Hall & Community Relations
A Town Hall session is planned for Thursday, with effort from the Council to attend. MetaRyuk has volunteered to share his experience as a panel speaker during Token2049 Singapore’ side event and on-the-ground feedback regarding Decentraland by some members of the audience.

Monthly reporting will continue as a standing practice, separate from the quarterly updates provided by Regenesis Labs, to maintain ongoing accountability and communication with the community.

Aragon Configuration Review & Future Plans
The DAO’s current governance infrastructure is still operating on the legacy Aragon v1 contracts. Recognizing the need for modernization, the Council agreed that an updated configuration proposal should be drafted and circulated among stakeholders. This update will help align the DAO’s operational framework with newer governance standards and enhance contract security, scalability, and usability for future initiatives.

[Fehz]

Operational Multisigs Handover

Following the approval of the DAO Committee Deprecation & Replacement proposal, we’ve initiated the handover process and informed the DAO Committee (@HPrivakos @rizk @Tobik ). The new set of multisig signers has been designated, representing a globally distributed team across South America, North America, Asia, and Oceania, ensuring decentralized coverage and continuous coordination across time zones.

New Multisig Signers:

• MetaRyuk (DAO Council)— 0x3f6b1d01b6823ab235fc343069b62b6472774cd1
• Canessa (DAO Council) — 0xfa5299221f56Ef1A7b0FdD957E3e0513265d9Ce8
• Santiago (Decentraland Foundation CFO) — 0x0CA9187452cB93E54c1AdFb4f5B1aD93D00EfF5A
• Nacho (Security Advisory Board) — 0xBCAc4dafB7e215f2F6cb3312aF6D5e4F9d9E7eDA
• BillyTeacoin (Community Member) — 0x2b5CfdC9D6DfF65D6330671F8E6Be409B8bA2AcA

As a next step, we now request the DAO Committee to create the necessary transactions to:

1. Add the new signers to the multisig wallet.

2. Formally initiate the handover to complete the transition.

Once these transactions are prepared, we’ll proceed with confirmations from the respective signers to finalize the process.

The DAO Council also requests that the DAO Committee hand over the credentials for all social media accounts and Discord Server in order to assign new responsible parties.

EDIT: Added the request for the Social Media accounts.

[Fehz]

Transactions to add new signers have been initiated:

Polygon Multisig - Safe{Wallet}

Ethereum Multisig - Safe{Wallet}

[Canessa]

@rizk @HPrivakos please see above messages so we can continue the handover process. Thank you.

[Fehz]

Statement on the Current Situation of the DAO

The DAO Committee Deprecation Proposal, which outlines the transition to a new governance structure, has successfully passed through all three governance stages. Despite this clear mandate and repeated public and private outreach efforts, including three public notifications on the Decentraland Forum DAO Council Communication Thread, two of the three DAO Committee members, Kyllian and Rizk, are refusing to transfer control of the operational wallets and associated assets to the newly authorized signers. These wallets, holding approximately $3 million in assets (on Ethereum and Polygon), have no valid operational reason to retain such large balances. Most of these funds, which Kyllian and Rizk are effectively withholding, were intended to be swapped as part of a diversification initiative but were never returned to the DAO treasury as required (Aragon Agent).

The Committee members were fully informed of the transition process and invited to participate as signers in the new configuration to ensure continuity and transparency. Notably, the third Committee member, Tobik, has acted in good faith by creating the transactions necessary to hand over the multisig to the new owners. However, Kyllian and Rizk have actively blocked these efforts, including through an On-chain Rejection. Additionally, Rizk has introduced arbitrary demands, such as requesting that signers submit sensitive personal information like passport copies via Discord, without any prior agreement or justification.

This refusal by Kyllian and Rizk to comply with the approved deprecation proposal and their unauthorized retention of DAO assets constitute a serious breach of trust and governance. We commend Tobik for his cooperation and call on the DAO community to rally together in support of restoring proper governance and ensuring the security of our collective assets. Additionally, we urgently request the intervention of Regenesis Labs and the Decentraland Foundation, whose mandates include protecting the DAO in real-world contexts. We request Regenesis Labs and the Foundation to step in and assist in holding Kyllian and Rizk accountable to uphold the integrity of the DAO’s governance. Together, we must act swiftly to resolve this crisis and safeguard the future of our community.

EDIT: Minor grammar corrections applied.

[MetaRyuk]

DAO Council Meeting Report

Date: November 3, 2025

Attendance: Agus, Canessa, Fehz, MetaRyuk, Monotributista

Topics Discussed:

Independent Audit Proposal for Regenesis Labs (2025–2026)

• A governance poll was launched to engage Maryana as an independent auditor to review Regenesis Labs’ activities and financials for FY 2025–2026.

• Maryana will begin Phase 1 (initial audit work) immediately to avoid delays.

• If the poll/proposal does not pass, the DAO Council members have agreed to personally compensate Maryana for the time spent on the initial audit (1st quarter scope), ensuring her efforts are not wasted and that Regenesis Labs still receives critical early oversight.

Poll link: Independent Audit Proposal for Regenesis Labs (2025–2026)

DAO Committee Deprecation & Multisig Handover

• Following the successful passage of the proposal to deprecate the current DAO Committee, two of the three existing Committee members have not completed the multisig handover.

• One member has requested personal identification documents from incoming signers before signing the handover.

• The DAO Council maintains that the above request is outside the requirements of the passed proposal and not aligned with DAO processes.

• As of 1 November, outgoing Committee members are still receiving monthly compensation despite the pending handover.

• The DAO Council reiterates the request for the outgoing Committee to complete the multisig transfer immediately, as mandated by the governance vote.

Passed proposal: DAO Committee Deprecation and Replacement

Request for Increased Transparency from Regenesis Labs

• Community members have requested improved visibility into Regenesis Labs’ protocol development progress.

• The DAO Council agrees with this feedback.

• The Council will work with Gino to establish better development tracking and reporting mechanisms.

• Progress updates will continue to be shared during monthly DAO Townhalls, with the goal of providing more detailed and structured updates.

Decentraland University Outreach — Singapore

• Council member MetaRyuk has been invited to speak at a university in Singapore to present Decentraland, discuss use cases and case studies, and share platform developments.

• Speaking engagement scheduled for 12 November.

[Canessa]

DAO Council Meeting Report

Date: December 1, 2025

Attendance: Agus, Canessa, Fehz, Monotributista (MetaRyuk was unable to attend due to work commitments).

Topics Discussed:

Independent Audit Proposal for Regenesis Labs (2025–2026)

• After requests from the community, a proposal was initiated to hire an independent audit of Regenesis Labs. The final stage of this proposal was passed on December 2nd

• Maryana was preemptively hired to avoid any delays, and has completed her initial audit.

• Finalized audit report will be published by Regenesis Labs to the community.

Poll link: Independent Audit Proposal for Regenesis Labs (2025–2026)

DAO Committee Deprecation & Multisig Handover

• Following the successful passage of the proposal to deprecate the current DAO Committee, two of the three existing Committee members have not completed the multisig handover.

• One member has requested personal identification documents to be sent via Discord from incoming signers before signing the handover.

• The DAO Council maintains that the above request is outside the requirements of the passed proposal and not aligned with DAO processes.

• Continued communication attempts to the DAO Committee have been unanswered by 2 of the 3 Committee members.

• Potential actions to be taken are still currently in discussion to ensure handover is processed aligning to the passed governance proposal.

Passed proposal: DAO Committee Deprecation and Replacement

Decentraland University Outreach — Singapore

• Council member MetaRyuk spoke at Singapore Management University on 13 November.

• Students were primarily adults from various career backgrounds including financial, management, legal, government and blockchain associations.

• Highlighted the latest Decentraland development and events including Halloween Fright Night with clips from the event.

• The course organizer has also stated the possibility of recurring guest speaking engagement in the university.

• Provided Decentraland mini stickers and pins (collected from the meetup in Lisbon). “Swags” to give away in future events are running low.