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MakerDAO Releases 5-Phase Roadmap to Fund Open Source AI Projects

By Martha Grizzard
May 15, 2023
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MakerDAO, the decentralized autonomous organization (DAO) behind the Dai stablecoin and its associated Maker governance token, recently announced a series of planned updates to its ecosystem, including a focus on artificial intelligence (AI) technology and plans to develop new blockchain.

Beginning with an upgrade of the unified ONIFIED ORGANIZATION's Brand, The New Road Details A FIVE-PROJECT Called "Endgame. FORUM POST WRITEN BY MAKERDAO CO-FOUNDER RUNE Christensen, The First Phase of Endgame Will Involve a "Comprehensive Rebrand " to unify Dai and maker.

“Crucially,” Christensen wrote, “Dai and MKR will not be changed.” MakerDAO intends to keep both tokens in their current form. However, the organization does intend to add two new tokens with updated features, tentatively called "NewStable" and " NewGovToken." Christensen elaborated on this in a reply to a comment on the post:

"Dai is here to stay and will be an undisturbed OG stablecoin with no fancy features and its liquidity will always be guided by NewStable's infinite 1:1 conversions."

Going forward, “Key Product Launches for Endgame” will include the eventual launch of six “Maker SubDAOs” and accompanying NewStable token farms.

The subDAOs will be split into facilitator and distributor DAOs, and their purpose, according to Christensen, will be to simplify "the workload and complexity that Maker governance needs to manage." The third phase of the roadmap is all about artificial intelligence. MakerDAO int ends to launch several internal AI tools to optimize governance tasks such as monitoring and data silos.

In addition to its plans to launch AI tools, MakerDAO also intends to enter the field of open source AI development through a project called "The Purpose Fund."

Chistensen wrote that the initiative will promote and fund "free, open-source AI models and free AI tools to help socially impactful industries and projects take advantage of AI's efficiency gains and leverage it to become more self-sustainable." Influence."

The fourth phase of Endgame involves developing an incentive program for ecosystem residents, called "Governance Participation Incentives". The plan will involve gamification and rewards to incentivize interaction on the MakerDAO platform. Ultimately, the group intends to create a proprietary blockchain, currently called " NewChain." NewChain will be a bridge, not a replacement, of the Ethereum blockchain currently underpinning the MakerDAO platform. "This means that on Ethereum, NewStable and NewGovToken as well as Dai and MKR will continue to function as normal, the only change being that they will be protected by a governance backend via a secure, state-of-the-art bridge," Christensen said.

Listed as a key feature to drive the implementation of new blockchains is the ability to use hard forks as a governance mechanism in the event of a power attack or abuse by majority holders.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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