Boardroom Raises $2.2M for Blockchain Governance Toolset
Blockchain governance suite Boardroom has announced a $2.2 million funding round led by Standard Crypto, with additional participation from Variant, CoinFund, Framework and Slow Ventures.
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Despite its rising importance in finance and business, the blockchain is not going to make a big impact until it reaches the highest level of corporate echelons, the boardroom. While some boards have been discussing the blockchain, the nature of these discussions means they often treat their subject matter as a curiosity. Boards with blockchain visionaries driving innovative agendas from the top down are, without a doubt, the absolute minority. For many, this is because they have not sought to define a blockchain strategy. For example, a serious boardroom discussion is not likely to happen....
A new game mode will also be launching on the platform in early 2021, where players can own pieces of land and farm governance tokens.
Figment said the latest round will enable it to continue developing its blockchain staking, governance and developer tools.
Governance has long been one of the most-hyped applications for blockchain technology. However, there's often little clarity about what "governance" means in this context. The term is used to encompass applications ranging from secure online voting, to new forms of political governance, to flawed experiments in decentralized investment funds. First, we need to be clear about what we mean by "governance". Most often the term brings to mind political governance. The institutions that, according to a system of rules and laws, make up our various levels of government.....
The decentralized properties that make blockchain architecture unique can also be its Achilles heel, demonstrating the importance of bringing network governance on-chain to promote a more inclusive and democratized consensus on network upgrades. Governance Transformation Is the Key To Unlocking Decentralization’s Innovative Potential There are many bitter arguments over blockchains, whether involving how they should be run, the consensus mechanisms, implementing changes, or upgrading the frameworks. These debates have often put network communities at odds, creating schisms that....