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by COINS NEWS 159 Views

Many of you may recall Reddit MOON tokens and xMOONs on xDAI (now Gnosis Chain) as a way to swap onto the Ethereum Mainnet. We're excited to tell you how Gnosis Chain is continuing to prioritize the same usability and experimentation that xMOONs demonstrated. We're happy to join you today for a r/Cryptocurrency AMA!

GnosisDAO builds decentralized infrastructure for the Ethereum ecosystem.

In November 2021, the xDAI and GnosisDAO communities voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner-companion that addresses scaling issues through solid engineering. Gnosis Chain is the associated execution-layer EVM chain for stable transactions. It uses the xDai token and includes a wide-ranging group of projects and users.

The Gnosis mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. Gnosis Safe, for example, was born of necessity.

As a DAO, Gnosis uses the products that it creates to transparently guide decisions on the development, support, and governance of its ecosystem.

Gnosis Safe (multisig and programmable account), Cow Protocol (formerly CowSwap and Gnosis Protocol), Conditional Tokens (prediction markets), Gnosis Auction, and Zodiac (standard and tooling for composable DAOs) are all products incubated by Gnosis. Their success can be attributed to the recent spin-out of Cow Protocol and the formation of SafeDAO. By combining needs-driven development with deep technical expertise, Gnosis has built the decentralized infrastructure for the Ethereum ecosystem.

submitted by /u/GnosisPM
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