The world’s largest DAO by treasury size, BitDAO, has joined forces with Mantle, a high-performance modular L2 blockchain built on Ethereum, to establish a DAO-led web3 ecosystem called the Mantle Ecosystem.
The merger combines BitDAO’s existing ecosystem, products, governance, and BIT tokenomics, all under a single brand, Mantle.xyz. The announcement was made following the success of an on-chain proposition labeled BIP-21.
“The BitDAO community voted in favor of the BIP-21 proposal titled ‘Optimization of Brand, Token and Tokenomics,’ authorizing the merger of BitDAO’s governance and treasury with the Mantle Network Ethereum modular roll-up product under a unified and product-focused ecosystem known as ‘Mantle’.”
Refocusing on product development
The passing of BIP-21 is said to have amassed tremendous backing from the BitDAO community, as BIT tokens will now eventually be converted to Mantle (MNT.)
The Mantle Ecosystem aims to simplify branding and structural compon
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