[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"e224281b-0a65-4f57-86cf-03a53d7e0fea","updated_at":"2023-04-07T09:17:52.311032+00:00","account":{"firstName":"Mason","lastName":"Thompson"},"description":"The collaboration between Aragon and Polygon Labs is focused on delivering a cost-effective and accessible solution for creating and managing decentralized autonomous organizations (DAOs).","sapo":"Aragon, a platform developed as open-source for creating decentralized autonomous organizations (DAOs), has declared that its infrastructure is now available on the Polygon network.","title":"Aragon & Polygon Labs Team Up to Improve Access to DAOs","content":"

The partnership aims to enable individuals to build decentralized autonomous organizations rapidly and securely, at less than 50 cents, without needing coding expertise.

Aragon, an open-source platform created for establishing decentralized autonomous organizations (DAOs), has announced that its infrastructure can now be accessed on the Polygon network.

The partnership between Aragon and Polygon Labs aims to provide an affordable and user-friendly option for establishing and administering DAOs. This collaboration allows users to efficiently and securely set up DAOs for as low as 50 cents without the need for any coding expertise.

A DAO, or Decentralized Autonomous Organization, is a type of organization that functions through computer programs that are recorded on a blockchain. Unlike conventional organizations, a DAO does not have a central authority or hierarchy and instead depends on a decentralized network of stakeholders to govern and make decisions for the organization.

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The collaboration between Aragon and Polygon will enable users to quickly create DAOs without requiring technical knowledge by utilizing Aragon's "lean codebase" and Polygon's layer-2 blockchain. This new method of employing fully on-chain technology aims to reduce the costs and obstacles associated with setting up and managing DAOs. Consequently, people worldwide can participate in the process at an affordable rate.

According to Sandeep Nailwal, the co-founder of Polygon Labs, this partnership would make on-chain governance “accessible to everyone in the world,” thereby contributing positively to the “mass adoption of blockchain technology."

Aragon and Polygon have a collaborative relationship dating back to 2016. In September 2021, Aragon launched its initial products on the Polygon platform, forming over 6,000 DAOs.

Polygon recently launched its open-source zkEVM Ethereum scaling technology on the mainnet on March 27. This technology is a zero-knowledge rollup (zk-Rollup) scaling solution that mirrors the Ethereum Virtual Machine. It can process thousands of transactions off-chain, resulting in lower transaction costs and improved throughput for smart contract deployments. This innovation is expected to make it easier for developers to duplicate smart contracts onto Polygon's zkEVM and reduce gas fees for decentralized application users.

","tags":[{"tag":{"tag":"DAOs","id_tag":"daos"}}],"image":{"fileName":"Aragon-&-Polygon-Labs-Team-Up-to-Improve-Access-to-DAOs.png"}}]

Aragon & Polygon Labs Team Up to Improve Access to DAOs

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