KEY TAKEAWAYS
- Biconomy launches BiconomyDAO and a $2 million Community Grants Program to boost web3 adoption.
- The initiative focuses on user-friendly dApps, web3 education, multi-chain infrastructure, and gamification.
- BiconomyDAO empowers $BICO token holders to participate in governance and decision-making.
- Biconomy seeks community involvement to onboard millions to web3 through the Bicosystem.
Biconomy has announced a new initiative aimed at accelerating the adoption of web3 technologies. The company has launched the BiconomyDAO, alongside a $2 million Community Grants Program, to support projects and initiatives that promote web3 adoption over the next six months. This initiative was detailed here.
The grants will be distributed across four key categories: building user-friendly decentralized applications (dApps), educating the masses about web3 technologies, improving multi-chain infrastructure, and incentivizing web3 adoption through gamification. Projects that leverage Biconomy to simplify their dApps, educators and content creators, and developers working on open-source multi-chain infrastructure are encouraged to apply for these grants.
Community Involvement and Governance
BiconomyDAO will operate as a community-driven effort, with $BICO token holders playing a crucial role in decision-making. These stakeholders will participate in discussions, create proposals, and vote on grant allocations through the governance process. This approach aims to progressively decentralize Biconomy’s operations, fostering a self-sustaining ecosystem.
The governance process will take place on Snapshot, where stakeholders can engage in open discussions and cast their votes on grant proposals. Over time, Biconomy plans to decentralize more of its operations, allowing the community to have a greater influence on the platform’s direction.
Encouraging Participation
Biconomy is calling for an ‘army of Biconauts’—enthusiasts who are passionate about web3—to join this movement. The company emphasizes the importance of community involvement in achieving its ambitious goal of onboarding millions of users to web3. Interested individuals can become contributors and participate in various ways to help grow the Bicosystem.
For those interested in applying for grants or contributing to the BiconomyDAO, further details are available on their official website and community channels.
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