The new protocol will allow crypto enthusiasts to seamlessly create Decentralized Autonomous Entities (DAOs) for social impact
- EarthFund’s DAO-as-a-Service platform to launch from June 15
- Decentralization for better transparency in fundraising
As Decentralized Autonomous Institutions (DAOs) become an increasingly popular form of social and economic activity, a new platform launches to supercharge key initiatives with this Web3 concept.
EarthFund’s DAO-as-a-Service platform to launch from June 15
According to the official announcement shared by representatives of the Earthfund platform, its out-of-the-box solution for DAO creation will go live on June 15, 2022.
With Earthfund’s DAO-as-a-Service platform, everyone can set up their own DAO, even those without specific skills in blockchain development and cryptocurrency economics.
A purpose-built DAO can be launched easily through an intuitive UI. Earthfund’s DAO Launchpad creates a secure technology platform for interactions between donors, founders and DAO participants.
New age icon Deepak Chopra will coordinate the EarthFund initiative in the area of mental health problems. He highlighted that the platform advocates a long-term approach:
We are witnessing a shift in the cryptocurrency space from a focus on short-term gains to using it to build a better future for all. That’s why we partnered with EarthFund to launch our NeverAlone token to democratize and decentralize projects focused on tackling the mental health crisis in a way that gives them the funding they need to make a difference. By launching causes like ours, the Earthfund platform will not only transform the crypto space, but will make the entire world a better, happier place.
Decentralization for better transparency in fundraising
Adam Boult, co-founder of Earthfund, is excited about the blockchain concept of having the right infrastructure for start-ups focused on social impact:
We think crypto has a unique opportunity to become a major force for good, but it has not yet been fully adopted, mainly due to its usefulness. Until now, crypto natives have often spent their energy on trivial reasons, such as trying to buy a piece of paper or a virtual monkey profile picture, but with Earthfund, we are focused on making crypto accessible. So that everyone can harness its potential and truly help world-changing causes get the money they deserve.
Earthfund’s platform will allow DAO founders to issue ERC-20 tokens, while DAO participants will be able to vote on key referendums regarding the progress of the protocol.
Also, donors will be able to track the funds invested in the DAO to ensure that their donations have as big an impact as possible.
Overall, using EarthFund’s DAO-as-a-Service tools will significantly reduce the “administrative costs” of environmental and welfare initiatives globally.