Aragon, an open-source framework designed to launch Decentralized Autonomous Organizations (DAOs), has revealed that its infrastructure is now available on the Polygon network.
The collaboration between Aragon and Polygon Labs will provide users with a cost-effective and accessible solution for creating and managing CADs. The partnership will now allow users to create CADs quickly and securely, for as little as 50 cents, with no coding required.
A DAO is an organization run by rules encoded as computer programs on a blockchain. Unlike traditional organizations, DAOs operate without a central authority or hierarchy and rely on a distributed network of stakeholders to make decisions and govern the organization.
Through this partnership, users will be able to take advantage of Aragon’s “lean code base” and Polygon’s Layer-2 blockchain to quickly launch DAOs without requiring technical expertise. Using fully on-chain technology, this new method aims to reduce the barriers and costs of establishing and administering DAOs, allowing people around the world to participate in the process at an affordable rate.
Sandeep Nailwal, co-founder of Polygon Labs, said the partnership would make on-chain governance “accessible to everyone around the world”, thus contributing positively to the “mass adoption of blockchain technology”.
Created in 2016, Aragon and Polygon have a history of collaboration. In September 2021, Aragon’s first products were introduced to Polygon’s platform, leading to the creation of over 6,000 DAOs.
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On March 27, Polygon released its open-source zkEVM Ethereum scaling technology to the mainnet, a zero-knowledge scaling solution (ZK-rollups) equivalent to the Ethereum virtual machine. The technology enables the aggregation of thousands of off-chain transactions, reducing transaction costs and increasing the throughput of smart contract deployments. The technology is designed to make it easier to reduce gas fees for users of decentralized applications and allow developers to easily copy existing smart contracts to Polygon’s zkEVM.
