Waves Labs, a division of Waves, in partnership with Ventuary-DAO, is launching a dApp for crowdfunding and project selection for their grant program. Decentralized autonomous organization (DAO) Ventuary-DAO offers independent developers the opportunity to apply for Waves Labs grants within a transparent and open selection system.
Any registered user can support a new project, gaining up to 50% profit on their deposited funds if the project eventually wins. Waves Labs will make the final decision, taking into account the results of the vote. Projects rejected by Waves Labs will still receive funds from supporting users. As previously stated, the entire budget of Waves Labs’ fund is 1,000,000 WAVES. Grant amounts are disbursed individually in each case.
“The launch of Ventuary-DAO represents Waves Labs’ steps towards becoming an open and community-driven approach for providing project financing. Our selection system becomes more transparent. Developers gain community feedback that will improve the Web 3.0 ecosystem building around Waves.”
– Waves Labs COO, Vitaliy Tsigulev
Ventuary-DAO’s process requires membership of the platform, which can be joined by asking for an invitation link from a member or submitting an application with the necessary details for verification. All content created by projects is public. DAO membership provides an opportunity to promote your own ideas and vote on other projects within the platform. At the time of launch, 21 projects are available for voting. You can support any of them now.
Ventuary-DAO was one of the first dApps to launch on Waves Platform after the release of the RIDE programming language on mainnet in late June. The platform was specially designed to make dApp creation easier for developers.