Multisignature crypto wallets are the safest bet for DAOs By Cointelegraph
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Multisignature crypto wallets are the safest bet for DAOsDecentralized autonomous organizations are paving the way toward community governance for any kind of company. We’re seeing new creative use cases for DAOs, such as GameFi comic books laying the foundation for collectible card game development and support from key players like co-founder Vitalik Buterin — who has claimed there is value in shared decision-making to eliminate acts of collusion.
But on the other end of the spectrum, there are DAOs dissolving or running out of Ether (ETH) to pay back lenders, and there is also declining optimism. The number of critics is increasing along with their concern over the many attack vectors that affect projects. To put an end to this narrative, DAOs need to explore new structures to remain incorruptible. To that end, multisignature wallets are a necessary step toward users and contributors viewing DAOs as a secure alternative to centralized corporate structures and are a vital part of pushing this egalitarian approach to decision-making forward.
Tahem Verma is the co-founder and CEO of Mesha, an all-in-one smart management tool for Web3 startups and DAOs. He previously founded the English-learning app Enguru. He received his bachelor of arts degree from the University of Pennsylvania and an MBA from Cornell Tech.
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Multisignature crypto wallets are the safest bet for DAOsDecentralized autonomous organizations are paving the way toward community governance for any kind of company. We’re seeing new creative use cases for DAOs, such as GameFi comic books laying the foundation for collectible card game development and support from key players like co-founder Vitalik Buterin — who has claimed there is value in shared decision-making to eliminate acts of collusion.
But on the other end of the spectrum, there are DAOs dissolving or running out of Ether (ETH) to pay back lenders, and there is also declining optimism. The number of critics is increasing along with their concern over the many attack vectors that affect projects. To put an end to this narrative, DAOs need to explore new structures to remain incorruptible. To that end, multisignature wallets are a necessary step toward users and contributors viewing DAOs as a secure alternative to centralized corporate structures and are a vital part of pushing this egalitarian approach to decision-making forward.
Tahem Verma is the co-founder and CEO of Mesha, an all-in-one smart management tool for Web3 startups and DAOs. He previously founded the English-learning app Enguru. He received his bachelor of arts degree from the University of Pennsylvania and an MBA from Cornell Tech.
Continue Reading on Coin Telegraph
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