Web3 firm MetisDAO Foundation launched Koris, a platform based on smart contracts that allows decentralized organizations to operate and manage communities through an end-to-end operational infrastructure.
In an announcement sent to Cointelegraph, the company said that Koris aims to transform a decentralized autonomous organization (DAO) into a DAC or “decentralized autonomous company” by providing an operating system consisting of various governance and management tools.
The team believes that the DAO platform has both decision-making and operational functions, but it can be done by providing tools to help develop Web3 businesses.
Chelsea Kubo, co-founder and COO of Koris, said that there is an increasing demand for DAOs with management transparency. He added:
“This infrastructure and management model is reflected in DAC, and KORIS can be used as a platform to help businesses excel in the web3 space. Having said that, it’s only a matter of time until the big companies and web2 companies start to take this step.
The project is currently in a closed beta phase. However, the company says that in the future, anyone will be able to build their own DAC on Koris. This includes established Web3 companies and people who want to start their own community.
related: Sustainability: What does DAO need to be successful in the long term?
The DAO has gained a lot of support to grow recently. In addition to Koris, the World Economic Forum (WEF) also voiced its support for the DAO by releasing a toolkit on January 17. The document contains the work of more than 100 contributors and aims to provide a starting point for the DAO to develop an effective strategy. in governance, operations and legal matters.
In an episode of The Agenda podcast, the founders of DAOs like TheLaborDAO and theCaféDAO sat down with Cointelegraph’s Jonathan DeYoung and Ray Salmond to discuss workers’ rights in the United States. The group explores how DAOs can strengthen workers’ rights and how blockchain can play a part.