The rapid rise of Decentralized Autonomous Organizations (DAO) has posed major challenges inhibiting widescale adoption of DAOs. High fees and poor user experience are the primary obstacles to adoption, currently hindering users’ ability to engage effectively with DAOs.
M3 DAO has partnered with REI Network to build solutions to the challenges of operating within the present DAO ecosystem. By partnering with REI Networks, M3 DAO will be able to utilize their use of providing zero-cost, lightweight technologies that enable M3 DAO to enhance the onboarding experience for an estimated 200,000 current global users to the Web3 solution.
Bridging the Gap with Zero-Fee Infrastructure
The foundation of this alliance is built on the technical expertise and infrastructure capabilities of REI Network. The REI Network was created to address the scalability problems of Layer-1 blockchains with a zero-fee model that allows users to interact with dApps without costly and variable transaction fees. Zero gas fee model provides M3 DAO to an entire community with a chance to use dApps very differently than in the past.
Through its EVM-based architecture built on the REI project, the M3 DAO provides a governance model, asset management, and community incentive opportunities to its members. This is achieved without burdening users with the costs associated with interacting with the underlying public blockchain. The focus on “frictionless onboarding” is intentional so that non crypto native users have a lower barrier to entry into the M3 ecosystem.
Empowering 200,000 Global Members
M3 DAO has positioned itself within Decentralized space as a viable competitor and has an extensive number of active users around the world. The partnership will not only create a technical delivery model but also expand global impact through “pure decentralized growth.” This is in line with the new direction of REI Network as it moves from GXChain’s historical model into a more agile and faster network.
According to recent industry trends, the success of a DAO is increasingly measured by the activity of its members rather than just total value locked (TVL). By removing gas fees, M3 DAO encourages higher frequency of engagement, from voting on proposals to testing new Web3 products. This synergy is expected to create a blueprint for how large-scale DAOs can migrate their operations to more efficient networks.
Future-Proofing Decentralized Growth
The M3 DAO alliance has aligned with the REI Network to signal a wider trend toward “lightweight” blockchains. The industry is moving away from needing so many resources for protocols and turning its focus to speed and interoperability as part of how they implement real-time governance models. Fast block production and instant finality have been constructed into the architecture of the REI Network, making it feasible for M3 DAO’s planned use of real-time governance models.
In addition, the partnership will allow M3 DAO access to all the capabilities that comprise the full scope of the REI Network, which has been continually expanding with new partners who have access to grants and incentives for developers.
Conclusion
The partnership between M3 DAO and REI Network represents a major step toward creating an all-inclusive Web3 experience. M3 DAO has made the decision to use a no-gas, fast-speed environment to future-proof its business as well as establish a new benchmark for community-based development in the decentralized space. Industry professionals will be paying close attention as this partnership develops to gauge how this rate of no friction will impact on how new users are onboard to the Web3 system.