META X DAOMore Supporters, More Pure Spirit of Blockchain, Accept the Birth of META X DAO from Community Donations!

In early May 2016, some members of the Ethereum community announced the birth of the DAO. It was built as a smart contract on the Ethereum blockchain, and the encoding framework was developed from open source by the Slock. It team, where David Arnett was one of the volunteer coders involved in the framework version 1.0 proposal led by the Slock.It team. He made considerable contributions to the proposal to standardize DAO token holders, as well as to smart contracts.

With the attack of hackers, THE DAO in Ethereum community entered an embarrassing state, which seriously affected people's optimistic attitude towards DAO governance.

"There are some people who place such a high value on purity and morality that if it goes wrong once, it will go wrong forever. But I feel like, over time, things are moving forward." In 2018, David Arnett posted his opinion on Reddit, and some of his supporters agreed.

At the end of February 2019, David Arnett and supporters formed the META Team to support the development of META X DAO, an upgrade and optimization based on DAO framework, with an aim of developing DeFi products in a decentralized organizational model. At the end of February 2019, David Arnett and supporters formed the META Team to support the development of META X DAO, an upgrade and optimization based on DAO framework, with an aim of developing DeFi products in a decentralized organizational model.With support of the community, the META team received donations from original Fans of the DAO and blockchain enthusiasts, with a larger percentage of donations coming from the blockchain gaming community.

"With a proper set of conventions, rather than standards, interoperability between worlds can be achieved without massive changes by developers." As a proponent of the original blockchain spirit, David Arnett keeps the pure spirit of freedom.

The META X DAO is a highly free and open developer platform, which is a great convenience for users who create technical iterations. Eliminate dependence on central operators to ensure fair access to public infrastructure for all.

In March 2019, David Arnett proposed the concept of MATE+X+DAO. "The products and governance of META X DAO are license-free and decentralized. META X DAO rejects all centralized monopolistic behaviors caused by basic intervention. What META X DAO wants to build is a flexible organic community jointly built by participants autonomously."

META X DAO is composed of "MATE", "X" and "DAO". MATE represents a number of donations from blockchain enthusiasts.

For blockchain games, donors see the movie Ready Player One released last year as the future of gaming. There is hope that blockchain will create a real-world "Metaverse", and although the definition of "Metaverse" sounds fanciful, we are still in the process of implementing all the ideas.

X stands for all unknown possibilities. This represents the endless possibilities created for the community's users by tech-savvy geek donors.

The DAO represents the core starting point for the META team. It is hoped that through the development of DAO, people will no longer be restricted by the past management system and can develop freely.