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News

Aragon Teams Up With Polygon To Create New Tool Kit That Helps Promote DAO

April 7, 2023 - Around 2 mins mins to read

Key Points:

  • Aragon has announced the debut of its new technology stack on the Polygon network.
  • Users will be able to create DAOs fast and securely for as low as 50 cents, with no coding necessary.
  • They can also quickly build DAOs using Aragon’s software and Polygon’s layer-2 blockchain without needing technical experience.
Aragon, an open-source platform for launching decentralized autonomous organizations (DAOs), has announced the availability of its infrastructure on the Polygon network.
Aragon Teams Up With Polygon To Create New Tool Kit That Helps Promote DAO

Aragon announced a new tool kit for spinning up DAOs last month, which comprises the modular Aragon OSx protocol and Aragon App.

Aragon and Polygon Labs’ cooperation will provide customers with a low-cost and easy-to-use solution for constructing and maintaining DAOs. The collaboration will allow people to create DAOs fast and securely for as little as 50 cents.

Moreover, no coding skills are required, reducing technological hurdles and enabling people to simply develop critical DAO features such as making proposals, casting governance votes, and onboarding new community members.

Polygon Labs co-founder Sandeep Nailwal said that the collaboration would benefit the widespread use of blockchain technology.

Users can utilize Aragon’s codebase and Polygon’s layer-2 blockchain to quickly build DAOs without having technical skills as a result of the collaboration. Releasing this new toolbox on Polygon has its own set of benefits.

Polygon, which bills itself as an interoperability and scalability framework for developing Ethereum-compatible blockchains, enables cheaper and quicker transactions than Ethereum, allowing anyone all over the globe to join in the process at a low cost.

Aragon Teams Up With Polygon To Create New Tool Kit That Helps Promote DAO

Its scalability capabilities aided it in establishing itself as a critical platform for scaling blockchain protocols that handle a huge number of transactions.

Polygon previously uploaded to the mainnet its open-source zkEVM Ethereum scaling technology, a zero-knowledge rollup scaling solution equal to the Ethereum Virtual Machine. The solution enables the off-chain batching of thousands of transactions, lowering transaction costs and improving the throughput of smart contract implementations.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

aragon

DAO

Polygon

Sandeep Nailwal

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Aragon Teams Up With Polygon To Create New Tool Kit That Helps Promote DAO

Key Points:

  • Aragon has announced the debut of its new technology stack on the Polygon network.
  • Users will be able to create DAOs fast and securely for as low as 50 cents, with no coding necessary.
  • They can also quickly build DAOs using Aragon’s software and Polygon’s layer-2 blockchain without needing technical experience.
Aragon, an open-source platform for launching decentralized autonomous organizations (DAOs), has announced the availability of its infrastructure on the Polygon network.
Aragon Teams Up With Polygon To Create New Tool Kit That Helps Promote DAO

Aragon announced a new tool kit for spinning up DAOs last month, which comprises the modular Aragon OSx protocol and Aragon App.

Aragon and Polygon Labs’ cooperation will provide customers with a low-cost and easy-to-use solution for constructing and maintaining DAOs. The collaboration will allow people to create DAOs fast and securely for as little as 50 cents.

Moreover, no coding skills are required, reducing technological hurdles and enabling people to simply develop critical DAO features such as making proposals, casting governance votes, and onboarding new community members.

Polygon Labs co-founder Sandeep Nailwal said that the collaboration would benefit the widespread use of blockchain technology.

Users can utilize Aragon’s codebase and Polygon’s layer-2 blockchain to quickly build DAOs without having technical skills as a result of the collaboration. Releasing this new toolbox on Polygon has its own set of benefits.

Polygon, which bills itself as an interoperability and scalability framework for developing Ethereum-compatible blockchains, enables cheaper and quicker transactions than Ethereum, allowing anyone all over the globe to join in the process at a low cost.

Aragon Teams Up With Polygon To Create New Tool Kit That Helps Promote DAO

Its scalability capabilities aided it in establishing itself as a critical platform for scaling blockchain protocols that handle a huge number of transactions.

Polygon previously uploaded to the mainnet its open-source zkEVM Ethereum scaling technology, a zero-knowledge rollup scaling solution equal to the Ethereum Virtual Machine. The solution enables the off-chain batching of thousands of transactions, lowering transaction costs and improving the throughput of smart contract implementations.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

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