Decentraland (MANA) came into the spotlight when digital asset manager Grayscale included it in its array of products for institutional investment over 3 months ago. The Ethereum-based protocol allows users to trade with digital land and build dApps on top of “digital parcels”. Now, it has taken a step towards complete decentralization.
According to an official post, the Decentraland Foundation announced the launch of a new implementation of their Decentralized Autonomous Organization (DAO). The foundation claims that this decision-making tool it’s more affordable and accessible for the users and provides MANA and LAND holders with voting powers.
Thus, they will be able to issue grants, changed the list of banned names, and the community will control the smart contracts that comprised the protocol, MANA, and LAND via predefined proposals. Users can vote by visiting the DAO’s website.
The DAO will be more cost-efficient with a platform that will enable gas-less voting for both the creation of a proposal and