The rapid rise of decentralized autonomous organizations (DAO) has created significant challenges, hindering the large-scale adoption of DAOs. High costs and poor user experience are the main barriers to adoption, currently preventing users from interacting effectively with DAOs.
M3 DAO partners with REI Network to build solutions to the challenges of operating within the current DAO ecosystem. By partnering with REI Networks, M3 DAO can leverage their use of free, lightweight technologies that allow M3 DAO to improve the onboarding experience for an estimated 200,000 current global users of the Web3 solution.
Bridging the gap with zero-fee infrastructure
The foundation of this alliance is built on REI Network’s technical expertise and infrastructure capabilities. The REI Network was founded to address the scalability issues of Layer-1 blockchains with a zero-fee model that allows users to interact with dApps without expensive and variable transaction fees. The Zero Gas Fee model offers M3 DAO an opportunity for an entire community to use dApps very differently than in the past.
Through its EVM-based architecture built on the REI project, the M3 DAO provides its members with a governance model, asset management and community incentive capabilities. 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 the decentralized space as a viable competitor and has a large number of active users around the world. The partnership will not only create a tech delivery model but also increase global impact through ‘purely decentralized growth’. This is in line with REI Network’s new direction as it evolves from GXChain’s historic model to a more flexible and faster network.
Following recent industry trends, a DAO’s success is increasingly measured by the activity of its members, rather than just its total value (TVL). By eliminating 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-proof decentralized growth
The M3 DAO Alliance has joined the REI Network to signal a broader trend towards ‘lightweight’ blockchains. The industry is increasingly resource-intensive for protocols and is increasingly focusing on speed and interoperability as part of how they implement real-time governance models. Fast block production and instantaneous finality are built into the architecture of the REI network, making it feasible for M3 DAO’s planned use of real-time governance models.
Additionally, the partnership will give M3 DAO access to capabilities spanning the full scope of the REI network, which is continually expanding with new partners who have access to grants and incentives for developers.
Conclusion
The partnership between M3 DAO and REI Network represents an important step toward creating a comprehensive Web3 experience. M3 DAO has made the decision to adopt a gas-free, fast-paced environment to future-proof its business and establish a new benchmark for community-oriented development in the decentralized space. Industry professionals will be watching closely as this partnership evolves to gauge how this level of “zero friction” will impact how new users onboard the Web3 system.