Power proved to be just as centralized as ever as Arbitrum’s first attempt at decentralized governance ended in community revolt. Plus: Cathy Hackl recaps Metaverse Fashion Week.

On “Carpe Consensus,” hosts Ben Schiller, Danny Nelson and Cam Thompson get into the nitty-gritty of governance, from decentralized governance to U.S. regulation and enforcement.

• [3:30] Inside the Desk: Danny recaps Ethereum layer 2 blockchain Arbitrum’s weekend DAO drama. If decisions are being made without the DAO’s consenting vote, is the organization really decentralized? 
• [13:43] Cathy Hackl: Metaverse Fashion Week 2023 was a mixed success. Cam and Cathy, founder and chief metaverse officer of Journey, discuss market factors, tech improvements and what’s next for digital fashion. You can listen to Cathy’s previous appearance on the show: “Where Do Metaverses Go From Here?” 
• [28:09] Ben gets a turn at his own segment with the “Schiller Show,” where he discusses CoinDesk’s decision to release an official editorial, “It Sure Looks Like the U.S. Is Trying to Kill Crypto.” The past months have seen increased politicization of crypto, including Sen. Elizabeth Warren’s (D-Mass.) recent calling for an “anti-crypto army.”

Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code CARPE to get 15% off your pass. Visit https://consensus.coindesk.com.

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“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. 

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