May 12, 2022
Decentralization and transparency have always been key to how we do things at Decentology. This is the ethos that drives the Hyperverse, a truly open and decentralized on-chain marketplace for modular, blockchain smart contracts called Smart Modules.
To continue building the building blocks of Web3 together, we've been working on the structure, process, and governance of the HyperverseDAO, so we can hand over the governance of the Hyperverse to you, the community.
As we roll out the complete architecture, we'd like to share parts of the HyperverseDAO that are in place.
Representing Multiple Protocols
Since the Hyperverse is blockchain-agnostic, the DAO will have multiple protocols, each corresponding to different technologies, community members, and Smart Module needs. To accommodate these requirements, the DAO will represent protocols using two models:
Announcing Emerald City DAO as the First Protocol DAO of the Hyperverse
Today, we are pleased to announce that Flow protocol-based Emerald City DAO will be the first protocol DAO of the Hyperverse. Emerald City DAO will maintain independent governance and will receive grants from HyperverseDAO to build and expand the Flow capabilities of the Hyperverse.
”We are super excited to take on this task. In the past few months, Emerald City has done a fantastic job taking on new tasks in the Flow ecosystem. Bringing multi-tenant smart contracts to Flow will be a great way to continue funding our amazing developers and teach them about all the awesome things the Hyperverse has to offer.” - Jacob Tucker: Lead Smart Contract Engineer, Decentology / Founder, Emerald City
Being a protocol DAO within the HyperverseDAO, Emerald City DAO will have several benefits, including:
And, there’s more!
Over the next few weeks, we will have a series of announcements and events where we will further define the structure of the HyperverseDAO.