The Aragon and Polygon Labs Collaboration: Boosting DAO Accessibility
Aragon, an open-source framework designed for launching decentralized autonomous organizations (DAOs), has announced its partnership with Polygon Labs, making its infrastructure available on the Polygon network. This collaboration aims to provide users with a cost-effective and accessible solution for creating and managing DAOs, allowing them to build DAOs quickly and securely, with no coding required, for as little as 50 cents.
What are DAOs?
DAOs are organizations that operate through rules encoded as computer programs on a blockchain. Unlike traditional organizations, DAOs function without a central authority or hierarchy, relying instead on a distributed network of stakeholders to make decisions and govern the organization.
Leveraging Aragon’s “Lean Codebase” and Polygon’s Layer-2 Blockchain
Through this partnership, users can leverage Aragon’s “lean codebase” and Polygon’s layer-2 blockchain to rapidly launch DAOs without the need for technical expertise. By utilizing fully on-chain technology, this new approach aims to lower the barriers and costs associated with establishing and managing DAOs, making it affordable for people worldwide to participate in the process.
Sandeep Nailwal, the co-founder of Polygon Labs, stated that this partnership will make on-chain governance “accessible to everyone in the world,” contributing to the mass adoption of blockchain technology.
History of Collaboration
Aragon and Polygon have a history of collaboration, with Aragon’s initial products being introduced on Polygon’s platform in September 2021, resulting in the creation of over 6,000 DAOs.
Polygon’s zkEVM Ethereum Scaling Technology
On March 27, Polygon released its open-source zkEVM Ethereum scaling technology to the mainnet. This zero-knowledge rollup (zk-Rollup) scaling solution is equivalent to the Ethereum Virtual Machine and allows thousands of transactions to be batched off-chain, reducing transaction costs and increasing the throughput of smart contract deployments. This technology is expected to facilitate the reduction of gas fees for decentralized application users and enable developers to easily copy existing smart contracts to Polygon’s zkEVM.
Conclusion
The collaboration between Aragon and Polygon Labs aims to boost the accessibility of DAOs by providing a cost-effective and user-friendly solution for creating and managing DAOs. By leveraging Aragon’s “lean codebase” and Polygon’s layer-2 blockchain, this partnership is set to lower the barriers and costs associated with DAOs, making them more accessible to people worldwide. Furthermore, Polygon’s zkEVM Ethereum scaling technology is expected to further enhance the scalability and affordability of decentralized applications on the Polygon network.
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