Aragon and Polygon Labs collaborate to boost DAO accessibility

2 years ago

The collaboration is acceptable to let users to physique decentralized autonomous organizations rapidly and securely, for little than 50 cents, with nary coding required.

Aragon and Polygon Labs collaborate to boost DAO accessibility

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Aragon, an open-source model designed to motorboat decentralized autonomous organizations (DAOs), has revealed that its infrastructure is present disposable connected the Polygon network. 

The collaboration betwixt Aragon and Polygon Labs volition connection users a cost-effective and accessible solution for creating and managing DAOs. The concern volition alteration users to present physique DAOs quickly, and securely, for arsenic small arsenic 50 cents, with nary coding required.

A DAO is an enactment that is tally done rules encoded arsenic machine programs connected a blockchain. Unlike accepted organizations, DAOs run without a cardinal authorization oregon hierarchy and trust connected a distributed web of stakeholders to marque decisions and govern the organization.

Through the partnership, users volition beryllium capable to leverage Aragon’s “lean codebase” and Polygon's Layer-2 blockchain to rapidly motorboat DAOs without requiring method expertise. By employing afloat on-chain technology, this caller method aims to little the barriers and costs linked with establishing and administering DAOs, thereby enabling radical worldwide to enactment successful the process astatine an affordable rate.

Sandeep Nailwal, the co-founder of Polygon Labs, said the concern would marque on-chain governance "accessible to everyone successful the world," thereby contributing positively to the "mass adoption of blockchain technology." 

Established successful 2016, Aragon and Polygon person a past of collaboration. In September 2021, Aragon's archetypal products were introduced connected Polygon's platform, starring to the instauration of much than 6,000 DAOs.

Related: Reddit deploys Gen 3 NFT avatar contracts connected Polygon

On March 27, Polygon released its open-source zkEVM Ethereum scaling exertion to the mainnet, a zero-knowledge rollup (ZK-rollups) scaling solution equivalent to the Ethereum Virtual Machine. The exertion allows thousands of transactions to beryllium batched off-chain, reducing transaction costs and expanding the throughput of astute declaration deployments. The exertion is acceptable to facilitate the simplification of state fees for decentralized exertion users and alteration developers to transcript existing astute contracts to Polygon’s zkEVM easily.

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