Creating and managing decentralized autonomous organizations just got a lot more accessible as Aragon & Polygon Labs team up.
Aragon, an open-source framework designed to launch decentralized autonomous organizations , has revealed that its infrastructure is now available on the Polygon network.and Polygon Labs will offer users a cost-effective and accessible solution for creating and managing DAOs. The partnership will enable users to build DAOs quickly and securely, for as little as 50 cents, with no coding required.
A DAO is an organization that is run through rules encoded as computer programs on a blockchain. Unlike traditional organizations, DAOs operate without a central authority or hierarchy and rely on a distributed network of stakeholders to make decisions and govern the organization. Through the partnership, users will be able to leverage Aragon’s “lean codebase” and Polygon’s layer-2 blockchain to rapidly launch DAOs without requiring technical expertise. By employing fully on-chain technology, this new method aims to lower the barriers and costs linked with establishing and administering DAOs, thereby enabling people worldwide to participate in the process at an affordable rate.
Sandeep Nailwal, the co-founder of Polygon Labs, said the partnership would make on-chain governance “accessible to everyone in the world,” thereby contributing positively to the “mass adoption of blockchain technology."have a history of collaboration. In September 2021, Aragon’s initial products were introduced on Polygon’s platform, leading to the creation of more than 6,000 DAOs.
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