What caused the recent rise in bitcoin prices?"
We need to develop a profitable service so we can continue to operate, said Dean Pappas, a longtime Realms member and one of four people heading the division.
"Realms is a
'public good'.
This will not affect the 'public goods' that dozens of Solana-based decentralized autonomous organizations (DAOs) rely on, Pappas continued. The governance tools that allow the project's community of #token holders to influence their operations will remain free of charge. Other new "bells and whistles" will not be free. Realms is launching a #cryptocurrency advisory service to help DAOs set up their governance structures. The registration and counseling lines will help set up legal structures and bank accounts. There will also be a credit card facility for using cryptocurrencies.
all of this will help Realms get some of the $1.5 billion in cryptocurrency that DAOs are storing in their infrastructure.
Realms will also provide a $200,000 #Solana #DAO grant to support start-up DAOs. Mr. Pappas declined to say where this funding will come from.
Realms is not the first part of the Solana ecosystem to emerge from Solana Labs, a central blockchain development company. According to Matty Taylor, a Solana Labs veteran who has since held his own ecosystem-wide hackathon, Metaplex, the company behind Solana's proprietary token technology ("NFT"), is one of them.
The general motto of Solana Labs is that once something reaches a certain stage, it becomes independent, Pappas said.
Realms' new legal entity is 100% owned by Sebastain Bohr, a DAO engineer at Solana Labs; since then, Realms Today LTD has added Pappas and BCB Group's Jose Nayef Yuri to its board of directors. When asked if Bohr had to buy Realms from Labo, Pappas declined to comment.
The Realms team now consists of 12 people and plans to grow further.
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