Crypto Reporter
Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
October 28, 2022 By
ConsenSys, a market-leading blockchain technology company, announced the launch of MetaMask Grants DAO. This employee-led, fully-funded Decentralized Autonomous Organization (DAO) structure issues grants to developers outside of ConsenSys, who are building impactful experiences within the MetaMask ecosystem. It is open to any meaningful project that adds value to the MetaMask ecosystem. With a $600,000 budget per quarter, or $2.4M total budget per year, the MetaMask Grants DAO program is a radical step towards further decentralization and a commitment to embrace Web3 mechanisms and business models at ConsenSys. Voting and proposals will take place publicly through SnapShot on the Codefi Activate platform. The project will initially run for 12 months but may be extended if successful.
Taylor Monahan, Global Product Lead at MetaMask, said, “Making MetaMask the most extensible wallet in the world requires decentralizing efforts to build it out further and empower its communities. Not only will this accelerate growth for crypto-comfortable users, but this will also boost adoption for crypto-curious individuals with more paths to participate in.”
The DAO consists of three parts:
The leadership committee of MetaMask Grants DAO comprises of:
The DAO’s funding will be split across two types of grants:
MetaMask, the world’s leading self-custodial Web3 wallet, was launched with grant funding support soon after Ethereum in 2016. Alongside the entire community, MetaMask has learned a lot from its rich history in the ecosystem serving as the portal to web3 and can now offer that insight to up-and-coming Web3 projects.
We encourage developers worldwide to apply for a grant and help build out the MetaMask ecosystem visiting the MetaMask Grants DAO site to learn more and apply.
Exploring Web3 mechanisms is core to the DNA of ConsenSys which has been experimenting with how to incorporate increasingly decentralized operations into a mature software company, as showcased by recent initiatives such as Bankless DAOlationship, Merge Regenesis NFT drop, and VillageDAO.
About ConsenSys
ConsenSys is a leading Ethereum and decentralized protocols software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of Infura, Quorum, Codefi, MetaMask, Truffle, Diligence and our NFT platform, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets. Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On this trusted, open source foundation, we are building the digital economy of tomorrow.
To explore our products and solutions, visit https://consensys.net
Filed Under: Press Releases
October 28, 2022
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