fbpx

Grindery.io Takes Second Place at The DAO Global Hackathon

On December 17, 2021, the DAO Global Hackathon chose Grindery as the 2nd place finalist in the Finance & Operations track. The award recognizes Grindery’s novel solution for helping a DAO’s to “get things done” by:

  • Enabling batch payouts for salaries, grants, and bounties
  • Automating trustless reporting leveraging IPFS decentralized storage
  • Integration with Gnosis, Aragon, and other leading DAO frameworks
“Overall, I think this aspect of DAO tooling is going to be very important moving forward,” said Sam, from Superfluid and track judge at the DAO Global Hackathon. “The Grindery team is championing the process of building [these] tools and …making it easier to manage payments and create reports, and they build a lot of integrations. We’re excited to experiment with it.”

The Hackathon had over fifty entries and was sponsored by partners including Aragon, Gitcoin, Near, Polygon, BitDao MetaCartel, and other leading web3 projects. It was also the first Hackathon dedicated exclusively to DAOs.

In the context of the event Eyal, CEO of DeepDAO pointed out that

“Assets Under Management by DAOs have multiplied 300x in less than two years and we will see a “Cambrian Explosion” of DAOs in the coming months

Tim Delhaes, co-founder of Grindery pointed out. According to many web3 insiders, DAOs are where NFTs were about a year ago.

“However, DAOs still lack basic tools that are common in any company or startup”

Tim continues,

“payouts, timesheets, reporting.. All of these are not only productivity-enhancing gimmicks but a true requirement to enable trustless collaboration at scale. ”

Grindery is building the framework, chain, and token independent tools these DAOs need.

“Grindery is building a swiss army knife for existing DAO Frameworks. Grindery complements existing DAO Framework like Aragon”

Pete Abilla of Harmony points out.

“This is why we provided them with funds through the Harmony Grant program earlier this year when we ported Aragon to the Harmony Blockchain.”

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Rate This Article
In order to improve, we give you the opportunity to rate DailyCoin content