DAPA, the Digital Asset Policy Alliance, is launching as a collaborative initiative focused on the public policy implications of web3 with initial participants from Fabric Ventures, the web3 venture contributor, Coadec, The Coalition for a Digital Economy, Project Vellir, NEAR Protocol and Unstoppable Finance. DAPA welcomes other volunteers and will progressively decentralise with'community-driven' at its heart with the upcoming DAPA DAO. DAPA's mission is to improve understanding of web3 and crypto technology and ensure that new industry regulation protects consumers and businesses, while also promoting innovation and adoption of the transformative benefits of this new technology. Decentralisation technology has the potential to transform our society for the better. There has been rapid growth in blockchain technology and consumer demand for web3 applications, which has attracted the attention of policy makers and regulators, including in the UK, EU and US.