<strong>[PRESS RELEASE – Please Read Disclaimer]</strong>
On December 15, 2021, the Rainbowcity Foundation announced the official launch of the DAO-Infrastructure project: RainbowDAO Protocol announced as part of the Gitcoin Grant12 event. This is the first web3 project launched by the Rainbowcity Foundation and it is also the first worldwide public presentation of their ecological project.
This is what awaits you in this article
What is the RainbowDAO protocol?
RainbowDAO Protocol is a multi-chain DAO infrastructure service protocol that focuses on building basic Web3 components. Anyone can create and manage their own DAO organization through the RainbowDAO protocol, including Independent DAO, Alliance DAO, Parent DAO, and Child DAO. Each DAO can also set up a management department within the DAO to achieve multi-level management of the organization.
There are two versions of the RainbowDAO protocol, the Solidity version on EVM and Ink! Version on WASM. The Solidity version is mainly deployed on Ethereum, BSC, Polygon, Avalanche, Fantom and various L2 networks; the ink! Version is mainly based on the parallel chains of the Polkadot– and Kusama-Relay chains as well as other blockchains developed with the substrate framework.
What is Gitcoin Grant?
Gitcoin is the community of developers, developers, and protocols at the center of open web ecosystems. Gitcoin is committed to building an internet that is open source, collaborative, and economically empowering.
On December 15, 2021, the number of RainbowDAO fellows reached 4,000 and the quadratic matching score reached $ 25,000, which was the highest matching value for a single project in the main round. It’s one of the most popular projects in Grant 12. All users who participate in grant donations can join the RainbowDAO Governance Token IDO Whitelist first.
About Rainbowcity Foundation
Rainbowcity Foundation is a non-profit foundation initiated and established by Mr. Kunyuan. Headquarters in Singapore, Asia. It mainly deals with the incubation and investment of the crypto ecosystem. Mr. Kunyuan himself is a staunch fan of Bitcoin and a follower of Satoshi Nakamoto, who is dedicated to spreading the decentralized ideas of Satoshi Nakamoto.
He introduced the concept of “bit civilization” for the first time worldwide in July 2021 on the Bitcointalk forum founded by Satoshi Nakamoto and wrote more than 60 articles to promote the idea of Bitcoin in the hope that the development of the Encryption industry worldwide and practice the true bitcoin spirit.
Source: Crypto News Deutsch