Blockchain is an incredibly powerful technology that eliminates trusted third parties…
However, it is not always possible to delegate trust to the code and some decisions must be made by humans, to ensure the sustainability of the network(s)! 👨
To simply overcome this problem, while waiting for the deployment of our DAO, we decided to create a temporary entity: the Polkally Foundation
This foundation will bring together several entities of our ecosystem such as:
- Our team members
- Our strategic partners
- Voluntary VCs that have invested in the project
These entities will share the control of a multi-sig wallet and manage the 27M KALLY tokens dedicated to the expansion and promotion of our platform
The ephemeral foundation (the Polkally DAO being planned for Q3 2021) should increase community confidence in the project while continuing to play an advisory role once our decentralized governance system is made public
We hope that the supporters of our protocol will appreciate this initiative to make the project even more decentralized and resilient! 🙌
About Polkally
Polkally is a P2P auction platform for NFTs, powered by Substrate & IPFS
Our goal is to build the most interoperable and user-friendly marketplace ever, allowing artists and everyday people to unleash the true power of virtual artworks
The project was launched in mid-February 2021 and is still under development
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