LONDON (Bywire News) - In the latest EOS news, the EdenOnEOS Decentralised Autonomous Organisation (DAO) is shifting the direction of its strategy within the EOS blockchain community. Through the second round of interviews with NovaCrypto, a more comprehensive focus on strategy, purpose, mission and values is emerging, setting the stage for the next election on July 8th. This renewed impetus is steering towards unlocking the potential of the EOS ecosystem.
The EdenOnEOS DAO has been continually defining their identity and direction in the blockchain world and, based on the community's consensus over the past two years, see themselves as a Worker Proposal System (WPS). However, it is clear that this role needs to expand beyond mere self-identification. The organisation is seeing the need to pivot their focus towards actively benefiting the EOS ecosystem, and the current chief delegates believe their bold vision can and will be implemented.
Chief Delegate Mo, in a recent the interview articulates this shift in purpose, "we've been active that the community is more aligned with the idea that we are a WPS. That is to be our focus: how we benefit the EOS ecosystem, how we drive value back to EOS." This signifies a paradigm shift; the vision moving forward becomes about leveraging the stature and resources of the EdenOnEOS organisation to stimulate increased usage of the EOS blockchain network, a move away from governance.
This strategic shift brings along ambitious plans about incubating potential growth projects and finding new avenues for funding. By providing seed funding to early-stage projects and paving the way for additional funding within the EOS ecosystem, EdenOnEOS DAO is setting the stage for accelerating technology and blockchain development. This creates a larger footprint for EOS, driving its transactional growth and bringing society one step closer to mainstream adoption of blockchain technology.
Paralleling this new refocused strategy is the amendments of the bylaws, a code of conduct, and a dispute resolution system within the EOS community. The mission statement makes a solid case for these changes: “The EdenOnEOS DAO is dedicated to increasing the value of the EOS community by directing its human and financial capital, seeking out and incubating potential value generators and leveraging its assets to support this endeavour.”
This mission statement is evidence of the more holistic approach EdenOnEOS DAO is taking. The DAO is aspiring to become a self-sustaining, risk-taking sandbox fund. It intends to identify and nurture promising blockchain projects that have the ability to generate value for the entire EOS ecosystem. The idea is to turn the DAO into a funding hub that harnesses the potential of young ventures and facilitates their growth by providing them with the necessary financial resources and support.
Accompanying this thrilling and ambitious mandate is a new approach to community building and internal organisation. Eden has started to set up working groups within the community. These include groups focusing on communications, media, strategy and tech development. The DAO is providing these dedicated groups of voluntary members the platform to interact, cooperate and contribute to the growing EOS ecosystem.
The working groups play a crucial role in galvanising the community, inculcating an ethos of collaborative work, and allowing the exploration of different areas of growth within the EOS community. They function as havens of innovative ideas where members can pool together their diverse talents and skills to create value for EOS.
By directing attention towards the EOS mainnet, establishing clear bylaws and a code of conduct, setting up dispute resolution systems—coupled with bold new strategies, there is a compelling case that the EdenOnEOS DAO is more than ready to tackle the EOS community's challenges in the run-up to the July 8th election.
Despite all the preparations and positive indicators, experience advises caution. Technology, and particularly the iterative, unpredictable nature of blockchain technology, brings its own sets of challenges. With human-led decision-making processes, and considering the broad spectrum of technological capabilities and attitudes towards the technology among delegates and community members, surprises are always on the horizon.
However, EdenOnEOS's strategic foresight, commitment to institutional strengthening and sensible governance sets it apart from many organisations in its field. It is poised, ready, and willing to confront any obstacles in its mission to drive beneficial changes to the EOS ecosystem. The DAO's journey, along with the impact of its upcoming initiatives, will be keenly watched by many, both within and outside the EOS community. Which measures will be successful, and which ones will face teething problems will only become clear with time. Till then, Eden promises an exciting journey of exploration and change. This is thus an appeal to all - community members, critics, and blockchain enthusiasts alike - to keep a keen eye on the DAO's progress. Every step—it appears—promises to carry long-lasting impacts in the realm of decentralised governance.
(By Michael O'Sullivan)