Ben Zhou, co-founder and CEO of Bybit, is leading the proposal to develop the BitDAO Layer 1 infrastructure for the platform, the exchange said in a press release.
The soft offer, launched via the official BitDAO Discourse forum, envisions building a new L1 blockchain to tap into investment opportunities across various Web3 verticals.
At the moment, BitDAO has a footprint in multiple gaming, Ethereum scaling, blockchain education and art curation.
Co-Founder and CEO of Bybit @benbibit has launched a soft proposal for the establishment of @BitDAO_OfficialL1 Infrastructure.
We would like to invite the community to participate in the development of this project.
For more information: https://t.co/wPa068hPdC https://t.co/op6sJS4o16
— Bybit (@Bybit_Official) 24 June 2022
,The proposal aims to open up new avenues for high-value collaboration generated by ground-up demand and support, which is true to Bitdao’s mandate.,” noted Zhou. He believes such developments will help drive adoption of crypto.
,Bybit supports BitDAO’s vision to be the changemaker for all changemakers. In collaboration with BitDAO and its community, we look forward to the mass adoption of open finance and shaping the future of the industry.,
Zhou encourages the community and other parties to contribute to the discussion, including research and development. The new project will use BitDAO’s native token BIT.