Syndicate helped create 450 new DAOs in just three weeks
Blockchain-based investment protocol Syndicate claims that 10% of all existing DAOs were created on its platform in less than three weeks of operation.
Syndicate is a DAO creation platform that has raised investments from A13Z and Coinbase Ventures, among others. The team talked about the development in a Feb. 15 tweet.
Will Papper, co-founder of Syndicate, explained that the project has created 450 investment clubs as DAOs, which is just over 10% of the "best estimate" of the existing 4227 DAOs.
The rapid influx of new organizations into Syndicate indicates that the DAO governance structure has gained popularity since their widespread introduction into the crypto mainstream just a couple of years ago. Currently, the two leading DAOs are BitDAO (BIT) and Uniswap (UNI).
