TMS Network (TMSN) has maintained its market leadership despite the emergence of new blockchain-based entities such as BitDAO (DAO) and The Graph (GRT), as well as increasing regulatory scrutiny of the crypto industry. This article will explore TMS Network (TMSN)‘s strategi...
TMS Network (TMSN)
BitDAO (DAO)
BitDAO is a decentralized autonomous organization (DAO) built on the Ethereum blockchain. BitDAO (DAO) is a community-led organization that is focused on advancing blockchain technology and decentralized finance (DeFi) by supporting projects and startups that align with its vision.
BitDAO (DAO) is proposing the creation of the Mantle EcoFund, a multi-million dollar fund aimed at supporting developers and decentralized application (dApp) adoption of Mantle, a high-performance Ethereum layer 2 network built by the BitDAO (DAO) ecosystem.
The fund aims to build dApps, ensure sustainability, and attract reputable venture firms. BitDAO (DAO)’s community is being asked to authorize the fund’s creation, with the proposal seeking a $100m investment from BitDAO (DAO) and another $100m from Strategic Venture Partners through 1:1 capital matching.
The fund will invest at Pre-seed and Seed stages, with further substantial investments in projects that demonstrate strong use cases and traction.
The Graph (GRT)
The Graph (GRT) is a decentralized indexing and querying protocol for blockchain data, designed to make it easier for developers to build decentralized applications (dApps) and services. The Graph (GRT) enables efficient data access from multiple blockchains through a simple and reliable API, without requiring developers to run their own nodes or servers.
The Graph (GRT) operates on an open-source network of nodes that index and query blockchain data, providing a decentralized infrastructure for data processing. The protocol aims to provide a more scalable and cost-effective alternative to traditional centralized data indexing solutions.
Since its launch in December 2020, The Graph’s (GRT) protocol has gained momentum in the blockchain ecosystem, with high-profile projects such as Uniswap, Aave, and Compound using it. The Graph (GRT)’s potential for long-term growth has made investors bullish on GRT, with the demand for The Graph (GRT)’s tokens expected to increase as more developers build on top of the protocol, which could potentially drive up its price.