On December 17, 2021, the DAO Global Hackathon chose Grindery as the 2nd place finalist in the Finance & Operations track. The award recognizes Grindery’s novel solution for helping a DAO’s to “get things done” by:
- Enabling batch payouts for salaries, grants, and bounties
- Automating trustless reporting leveraging IPFS decentralized storage
- Integration with Gnosis, Aragon, and other leading DAO frameworks
In the context of the event Eyal, CEO of DeepDAO pointed out that
“Assets Under Management by DAOs have multiplied 300x in less than two years and we will see a “Cambrian Explosion” of DAOs in the coming months” Tim Delhaes, co-founder of Grindery pointed out. According to many web3 insiders, DAOs are where NFTs were about a year ago.
“However, DAOs still lack basic tools that are common in any company or startup” Tim continues,
“payouts, timesheets, reporting.. All of these are not only productivity-enhancing gimmicks but a true requirement to enable trustless collaboration at scale. ” Grindery is building the framework, chain, and token independent tools these DAOs need.
“Grindery is building a swiss army knife for existing DAO Frameworks. Grindery complements existing DAO Framework like Aragon” Pete Abilla of Harmony points out.
“This is why we provided them with funds through the Harmony Grant program earlier this year when we ported Aragon to the Harmony Blockchain.”
