Realms, a pioneer in Solana cryptocurrency (SOL) management, is embarking on a major transformation to a revenue-driven business model: the platform, which has been a key hub for decentralized autonomous
organizations (DAOs) running on the #Solana #blockchain , is coming under the new management of an organization called Realms Today Trust. under the new management of an organization called Realms Today Trust.
This is a significant departure from the origins of Solana Labs, with ambitious plans to monetize its services while remaining committed to providing core management tools for the Solana ecosystem.
Dean Pappas, a Realms veteran and one of the four heads of the newly formed unit, stressed that while the organization will be introducing paid services, its core services will remain available. We need to develop profitable services so we can continue to operate, Pappas said, calling attention to the need for sustainability in Realms' new mandate. Despite the changes, the management tools that have enabled dozens of Solana-based DAOs to manage voting, decision-making and financial functions will remain free for users.
Otherwise, as Realms moves toward monetization, the project will introduce several premium features aimed at improving the #DAO experience. These include a #cryptocurrency advisory service to help DAO establish a robust governance system, and a registration advice line to help set up legal structures and open bank accounts. In addition, credit cards linked to cryptocurrencies will be issued so that DAOs can use their digital assets for everyday expenses. These new offerings are expected to fund a portion of DAO Realms' approximately $1.5 billion infrastructure.
In an effort to encourage the growth of new DAOs in the Solana ecosystem, Realms has also announced a $200,000 grant program.
These grants will be distributed to promising Solana-based projects as part of the ongoing support for emerging DAOs. While Mr.
Realms is not the first project to emerge from Solana Labs, the primary developer of the Solana blockchain.
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