Member-only story
Starting your DAO with Gnosis and Polygon
Decentralized Autonomous Organization (DAO) are gaining popularity lately. A group of people formed a DAO to bid on the remaining copies of the US Constitution. The ConstituionDAO raised over 40 million dollars in just 7 days. Although they ultimately failed to acquire the Constitution, the ability to raise such a large sum of money from a group of strangers still has historic significance.
In its most simple form, a DAO is a group of people with a common goal and a community treasury. At the heart of any DAO is the treasury. In crypto terms, this community treasury is called a multi-signature wallet.
Like a joint bank account, the multi-signature wallet allows more than one person to manage assets owned by the DAO. Gnosis safe is one of the most popular multi-sig wallets out there. It can be used to store any Ethereum based assets such as ERC-20 tokens and NFTs.
Below I will show you how to create your own community wallet using Gnosis Safe.
Head over to https://gnosis-safe.io/app
Click on [Create new Safe]
