Celo has finally unveiled a regional DAO which is expected to drive adoption of the blockchain in grassroots communities within the continent.
Exciting News! 🚀
The @CeloOrg Africa DAO is officially launching! 🌍
As a community-driven initiative, we're dedicated to creating a more inclusive financial system for all.
Join us today! 🥳https://t.co/rJLX7DANW9https://t.co/3jjsMYU5dGhttps://t.co/J6TDrYxCPH pic.twitter.com/J2ljdTy6TO
— Celo Kenya 🇰🇪 (@CeloKenya) April 17, 2023
A Decentralized Autonomous Organization (DAO) is a community-based organization governed by its members who collectively come together to make decisions about its operations and direction through a consensus mechanism. DAOs are also designed to be more democratic allowing members to have a greater say in the organization’s operations and decision-making processes.
A proposal to establish a community DAO for Africa went live for community voting on February 22 2023 and passed with over 65,447,195 CELO. According to the proposal, the community requested a budget of $428,000 worth of CELO from the community fund to cover activities primarily in 5 countries for a start.
Previously, Celo said the purpose of the DAO aligns with the Celo mission to create a more equitable, regenerative financial system where value flows back to the under-banked communities around the world who need it the most.
The DAO has 3 main focus areas:-
1.) Attract Web3 talent locally by focusing on local developer incubator programs
On Location: #Ethereum developer training class organized by @Web3Clubs in Nairobi, Kenya🇰🇪.
NB: Half of the students are ladies!
“Web3 will revolutionise how we interact, transact, and monetise as a society, but this can only be achieved if women are equally involved in its… pic.twitter.com/gjZiroIYxi
— BitKE (@BitcoinKE) April 17, 2023
The DAO looks to support upcoming Web3 developers to get them to build impactful real-world applications on top of Celo. To ensure success, the DAO aims to conduct accelerator programs to support individuals and projects that are interested in building on Celo.
“Our aim is to hold hackathons quarterly, several hands-on workshops and dev talks to equip developers with the skill set required to ship dAPPs that would end up becoming products that receive funding. We envision successful projects going on to receive funding from the Celo Ecosystem.”
2.) Community education and university outreach
MEETUP: The @CeloOrg President @RegenRene is in Kenya https://t.co/zqozW6QHQN $CELO pic.twitter.com/kYYTlfzf0p
— BitKE (@BitcoinKE) April 5, 2023
The DAO plans to host monthly community meet-ups, university outreach campaigns, and set up university clubs as it looks to onboard forward-looking campus students into crypto.
“This initiative would help onboard new community members, guide them through the ecosystem, and create interest in the technology and its potential. The vision is to have these young creators exploring the entrepreneurship path or other work opportunities in Web3.
This is part of the strategy is to create more awareness of the capabilities of the Celo platform and the innovation from the broader ecosystem with its potential to provide an inclusive and regenerative financial system.
3.) Building market awareness and brand positioning
CELO Sponsors the #ETHSafari Conference as a Key Web3 Ecosystem Partner in Kenya@CeloOrg was part of ETHSafari as a Gold sponsor and is a key supporter of the Web3 ecosystem in East Africa and the entire continent.https://t.co/qoHrHfp62g @CeloKenya @CeloDaily @ETHSafari
— BitKE (@BitcoinKE) October 3, 2022
The DAO is also looking to participate in events like ETHSafari, Devfest, and Cryptofest among many more as sponsors.It also proposes to host Twitter spaces and local AMAs while educating the community on projects in the ecosystem and programs.
Community members are invited to join its channels on Slack and Telegram.
______________________________________
