The milestone in Syndicate’s journey may indicate that DAO governance structure will become more common in blockchain and beyond.
Blockchain-based investing protocol Syndicate claims that 10% of all decentralized autonomous organizations (DAO) in existence have been created on its platform in less than three weeks of operation.Syndicate is a DAO creation platform that has landed investments from A13Z and Coinbase Ventures, among others. The team revealed the development in a Feb. 15 tweet.As of this morning, 10% of *all* DAOs have now been created on @SyndicateDAO.In less than 3 weeks And this is just the beginning.— Syndicate ✺ (@SyndicateDAO) February 14, 2022
Will Papper, co-founder of Syndicate explained to Cointelegraph today that the project had created 450 investment clubs as DAOs, which is just a little bit over 10% of the “best estimates” of 4227 DAOs in existence, based on DeepDAO’s metrics and figures
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