DeXe DAO Studio Announces Partnership with RAK DAO
DeXe DAO Studio, an advanced platform for creating and governing decentralized autonomous organizations (DAOs), has partnered with RAK Digital Assets Oasis (RAK DAO), the world’s first free zone serving global digital asset organizations. This collaboration aims to transform the DAO industry and accelerate its growth by combining DeXe DAO Studio’s on-chain governance solution with RAK DAO’s solid legal framework.
About DeXe DAO Studio
DeXe DAO Studio is an easy-to-use platform that allows projects to create turnkey DAOs and govern them in a democratic, transparent, and equitable manner. Through this platform, projects can launch their DAOs on any blockchain and manage their governance tokens using a single interface. Contributors also have the opportunity to vote and participate in the governance of all the DAOs they are associated with.
About RAK DAO
RAK DAO is a dedicated free zone located in Ras Al Khaimah, UAE. It is the first regulated zone designed specifically for global DAOs. The launch event of RAK DAO featured innovative crypto businesses, industry experts, and attendees interested in discussing topics related to the future of Web3, AI, and digital assets.
An Oasis for Decentralized Autonomous Organizations
According to DeepDAO’s data, there is currently $15.5 billion held in DAO treasuries as of October 19, marking a significant increase of nearly 65% compared to last year. Additionally, approximately 43% of the total value locked in decentralized finance dApps is stored in DAO treasuries. There are currently 7.5 million governance token holders and 2.8 million active voters and proposal makers in DAOs.
By combining DeXe DAO Studio’s on-chain governance solution and RAK DAO’s legal framework, the partnership aims to further accelerate the growth of the DAO industry. Their goal is to establish a transparently regulated niche equipped with professional tools for creating and managing DAOs.
Kickstarting the Journey of Efficient and Transparent DAOs
The collaboration between DeXe DAO Studio and RAK DAO expects to see the first DAOs register with RAK DAO and achieve decentralized governance in the coming months. This partnership aims to make DAOs more effective and transparent by providing them with a user-friendly platform for project governance and regulatory clarity.
“Our partnership with RAK DAO is a crucial step in making DAOs more effective and transparent,” said Dmytro Kotliarov, Co-Founder of DeXe DAO Studio. “By combining on-chain and international law, the actions of DAOs will become enforceable in court. Together with RAK DAO, we make this possible, paving the way for many DAOs to operate their projects as effective and legally respected entities.”
Hot Take: Revolutionizing DAO Governance through Partnership
The partnership between DeXe DAO Studio and RAK DAO marks a significant milestone in revolutionizing the governance of decentralized autonomous organizations. By combining technological solutions with a solid legal framework, they aim to provide transparency, efficiency, and legal recognition to the operations of DAOs. With an increasing amount of value stored in DAO treasuries, this collaboration comes at an opportune time to support the growth and development of the industry. The future looks promising as more projects register with RAK DAO and achieve decentralized governance, setting new standards for effective and legally respected entities within the world of Web3.
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