The DAO of Value: Gnosis Launches Prediction Markets-Based DAO

The Gnosis ‘DAO of Value’ will tap into the project’s prediction market technology to transparently guide decisions on development, investments, and governance. Prediction markets will be created using a new Gnosis Safe Multisig initially funded with 1,000 ETH and 20,000 GNO from the Gnosis treasury.

Initially, GnosisDAO will take the form of a minimum viable futarchy network wherein proposals appear on the Gnosis Forum, and GnosisDAO will fund prediction markets on final stage proposals. In addition to aligning development with the utilization of GNO, funding DAO prediction markets will progressively distribute the Gnosis treasury while potentially rewarding participants for signaling.

Timeline of Gnosis-gno, Ethereum