Stock Groups

Grindery.io Takes Second Place at The DAO Global Hackathon -Breaking

by Mike Robinson

[ad_1]

Grindery.io takes second place at The DAO Global Hackathon

On December 17, 2021, the DAO Global Hackathon chose Grindery as the 2nd place finalist in the Finance & Operations track. The award recognizes Grindery’s novel solution for helping a DAO’s to “get things done” by:

  • Allowing batch payments for salary, grants and bounties
  • Automating trustless reports using IPFS Decentralized Storage
  • Integration with Gnosis and Aragon DAO Frameworks

“Overall, I think this aspect of DAO tooling is going to be very important moving forward,” said Sam, from Superfluid and track judge at the DAO Global Hackathon. “The Grindery team is championing the process of building [these] tools and …making it easier to manage payments and create reports, and they build a lot of integrations. We’re excited to experiment with it.”
There were over 50 entries to the Hackathon. It was supported by Near Polygon, Gitcoin and Gitcoin and partners BitDao MetaCartel as well other web3-related projects. The Hackathon was dedicated entirely to DAOs.

Eyal, DeepDAO’s CEO, pointed out in this context that

“Assets Under Management by DAOs have multiplied 300x in less than two years and we will see a “Cambrian Explosion” of DAOs in the coming months”
Tim Delhaes pointed this out, who was also co-founder and CEO of Grindery. Many web3 insiders believe that DAOs have moved to the place where NFTs used to be a year back.

“However, DAOs still lack basic tools that are common in any company or startup”
Tim continues,

“payouts, timesheets, reporting.. All of these are not only productivity-enhancing gimmicks but a true requirement to enable trustless collaboration at scale. ”
Grindery builds the infrastructure, chain, token-undependent tools and framework these DAOs will need.

“Grindery is building a swiss army knife for existing DAO Frameworks. Grindery complements existing DAO Framework like Aragon”
Pete Abilla, Harmony’s point out.

“This is why we provided them with funds through the Harmony Grant program earlier this year when we ported Aragon to the Harmony Blockchain.”

Continue reading on DailyCoin

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]