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Project Overview
Societal is a DAO infrastructure platform includes a full-suite of DAO infrastructure designed for both sides of the marketplace — creator and participant. Additionally, Societal will provide operators with a full toolkit of operational, governance, and treasury features. Societal will be interconnected to application-specific DeFi, Privacy, and Identity blockchains, vertically integrating their tech offering into the core product via Polkadot’s cross-chain communication (XCM).
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Tokyo Metropolitan Government Launches Subsidy Program to Promote Social Implementation of Stablecoins, Offering Up to JPY 40 Million
According to the official Tokyo Metropolitan Government (TMG) guidelines, the “Subsidy Program for Promoting Societal Implementation of Stablecoins” will officially take effect on April 15, 2026. This program provides subsidies to businesses developing use cases for Japanese yen–denominated stablecoins (SC) within Tokyo Metropolis. The maximum subsidy amount is ¥40 million, and the subsidy covers up to two-thirds of the eligible expenses incurred by the recipient. Applicants must meet the following criteria: - Maintain a registered head office or branch office within Tokyo Metropolis; - Hold the legally required licenses or have completed mandatory registration; - Not have received commissions or financial support from the national government or other local governments in the same fiscal year; - Have no affiliation with anti-social forces; - Have no outstanding tax arrears or similar violations. Eligible expenses include external platform usage fees, professional consulting and auditing fees, and system development costs—but exclude consumption tax and funds allocated for backing assets of the stablecoin. Recipients are selected by the Governor through an open recruitment process and subsequent review by a screening committee. Review criteria remain confidential, and review outcomes are not subject to appeal or objection. Furthermore, should a recipient fail to deliver tangible stablecoin use cases or obtain the subsidy through fraudulent or improper means, the Governor reserves the right to rescind the subsidy decision and demand full repayment. Late repayments incur default surcharges and late-payment penalties at an annual interest rate of 10.95%.
Sam Altman Responds to Molotov Cocktail Attack: Acknowledges Societal Fears of AI, Calls for Decentralization of Technological Power
Sam Altman, CEO of OpenAI, responded to a Molotov cocktail attack on his residence by stating he had “underestimated the real-world impact of public narratives and emotions amid AI anxiety” and, unusually, shared family photos publicly. Altman said he understands society’s fear and unease regarding AI’s rapid advancement, noting that humanity is currently undergoing “one of the most intense technological transformations in history.” The associated risks have expanded beyond model alignment issues to systemic, societal-level challenges. AI power must not be concentrated in the hands of a few institutions; instead, broader distribution should be achieved through technological democratization and institutional constraints. The race toward AGI has evolved into a “struggle for power,” where the allure of power—akin to the “One Ring”—may drive extreme behavior. The solution lies in expanding technological accessibility and preventing any single entity from monopolizing critical capabilities. Additionally, Altman acknowledged missteps in corporate governance and conflict resolution—including decisions made during his clash with the board—and apologized for past conduct. He reaffirmed that he had previously rejected Elon Musk’s attempt to control OpenAI, a choice that safeguarded the company’s independent development path. Earlier reports indicated that Sam Altman, co-founder of OpenAI, was targeted in a Molotov cocktail attack at his home.