SubDAO Will Bring DAO Capabilities to Moonriver/Moonbeam
SubDAO is very glad to announce that it will be bringing its DAO infrastructure tools to Moonriver/Moonbeam. As part of the integration, the SubDAO team will develop the SubDAO protocol based on Solidity standard to adapt to the Moonriver network. The fully-fledged DAO functions will allow Moonriver/Moonbeam to serve its network and various ecosystems to which it is connected.
SubDAO is a cross-chain DAO protocol based on Polkadot and currently has built ink-based versions of SubDAO DApp, DAOWallet, and PolkaSign (An electronic protocol signing platform). Among them, SubDAO DApp and DAO Wallet will be deployed on Moonriver via a Grant.
“Moonbeam is one of the most community-based parachains of the Polkadot ecosystem. Moonbeam is not only compatible with EVM, but also excellent in terms of asset construction, supporting numerous cross-chain assets. Due to the inextricable links between DAO, asset management, and community, we believe that the integration between SubDAO and Moonbeam will be an absolute win-win option.” says Sang Tran, Core Contributor of SubDAO.
With the integration, users can create and manage DAOs on Moonriver/Moonbeam. SubDAO is building advanced Templates enabling users to create not only community-based DAO organizations like Game Guilds but also investment-based Ventures DAO. SubDAO will allow the DAO organizations to manage fungible tokens and NFT assets and conduct secondary market transactions.
“Web3 projects are increasingly adopting DAO structures for governance and management, but the tools that have been used to create and manage these DAOs are still quite limited,”
says Derek Yoo, Founder of Moonbeam.
“SubDAO’s suite of tools are specifically designed to make creating and managing DAOs easy, including a variety of end user access options, advanced governance functions, and backend components to manage DAO assets. The availability of these tools on Moonriver and Moonbeam will make it much simpler for developers to create DAOs for their projects.”
SubDAO is a cross-chain DAO protocol, which enables chains to quickly have DAO functionality, including DAO creation, funding pool management, voting, and so on, to support DAO creators and members in the governance of their organizations.
Learn more: https://www.subdao.network/
About Moonbeam Network
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Following Moonriver’s tremendous success on Kusama as the most active deployment destination for over 80 DApps, Moonbeam benefits from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot.
Learn more: https://moonbeam.network/