MetisDAO launched smart contract-based platform to empower Web3 operations

MetisDAO launched smart contract-based platform to empower Web3 operations

MetisDAO launched smart contract-based platform to empower Web3 operations

A Web3 company, MetisDAO Foundation, is introducing a smart contract-based platform Koris. The platform will provide end-to-end operational infrastructure to let decentralized organizations operate and manage communities.

Koris will provide organizations with various governance and management tools. Its objective is to turn decentralized autonomous organizations (DAOs) into decentralized autonomous companies. 

At present, DAO platforms function on collective decision-making and operational functions. DAO platforms can be moved to new advancements with the necessary tools that can help Web3 businesses.

The team believes that while DAO platforms have collective decision-making and operational functions, they can be taken further by providing tools to help grow Web3 businesses.

The co-founder and COO of Koris, Chelsea Kubo, said that the demand for DAO is growing as it operational and functional management is transparent, “These infrastructures and management models are reflected within a DAC, and KORIS works as a platform to help businesses excel in a web3 space. Having said that, it is only time until large enterprises and web2 companies begin to make this move.”

The project is still in the testing phase. Although, the company informed us that once the platform is launched, established Web3 firms who want to create their own community can build their own DAC on Koris. 

DAO is receiving encouragement to develop further from various organizations recently. Along with Koris, the World Economic Forum (WEF) has also shared its voice of encouragement for DAO to release a tool kit on Jan 17. 

The document shared by WEF contains ideas of more than 100 participants. The aim of the document is to share a starting point for DAOs in developing effective strategies in operations, legal matters, and governance.

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