Aragon, an open-source framework aimed at launching 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 DAOs. The partnership will enable users to quickly and securely build DAOs 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, instead relying on a distributed network of stakeholders to make decisions and manage the organization.
Through the partnership, users will be able to leverage Aragon's "lean code base" and Polygon's layer 2 blockchain to quickly launch a DAO without requiring technical expertise. By employing fully on-chain technology, this new approach aims to lower the barriers and costs associated with setting up and managing DAOs, making it affordable for people around the world to participate in the process.
Sandeep Nailwal, co-founder of Polygon Labs, said the partnership will make on-chain governance “accessible to everyone in the world,” thereby positively contributing to the “mass adoption of blockchain technology.” Founded in 2016, Aragon and Polygon have a long history of working together. In September 2021, Aragon's initial product launched on Polygon's platform, resulting in the creation of over 6,000 DAOs. On March 27, Polygon released the open-source zkEVM Ethereum scaling technology to the main network, which is a zero-knowledge rollup (zk-Rollup) scaling solution equivalent to the Ethereum Virtual Machine. The technology allows batching of thousands of transactions off-chain, reducing transaction costs and increasing the throughput of smart contract deployments. The technology is designed to facilitate reduced gas fees for decentralized application users and enable developers to easily replicate existing smart contracts to Polygon’s zkEVM.
