Bankless Lianchuang: BanklessDAO is an entity independent of Bankless and has been renamed Udi DAO
On November 25th, Bankless co-founder Ryan Sean Adams clarified on X platform that people were uneasy about BanklessDAO's proposal to request ARB funding from Arbitrum, and that BanklessDAO and Bankless were being confused. However, BanklessDAO is a completely independent entity from Bankless, and neither it nor the other co-founder David Hoffman have received any economic benefits from the DAO, nor have they sold BANK tokens or participated in DAO governance voting. They and David allow the DAO and those who share the values of Bankless to freely use the brand, but to avoid damaging the reputation of Bankless, BanklessDAO has been renamed UdiDAO. Previously, BanklessDAO had applied to Arbitrum for 1.82 million ARB to carry out a 12-month campaign to help guide users from awareness to expertise and further promote adoption.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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This is an excerpt from the 21st edition of The Funding sent to our subscribers on Feb. 9.The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member.To subscribe to the free newsletter, click here.