San Francisco, United States, 28th December, 2021, Chainwire
On December 17, 2021, the DAO Global Hackathon chose Grindery as the 2nd place finalist in the Finance & Operations track. The award recognizes Grindery’s novel solution for helping a DAO’s to “get things done” by:
- Enabling batch payouts for salaries, grants, and bounties
- Automating trustless reporting leveraging IPFS decentralized storage
- Integration with Gnosis, Aragon, and other leading DAO frameworks
“Overall, I think this aspect of DAO tooling is going to be very important moving forward,” said Sam, from Superfluid and track judge at the DAO Global Hackathon. “The Grindery team is championing the process of building [these] tools and …making it easier to manage payments and create reports, and they build a lot of integrations. We’re excited to experiment with it.”
The Hackathon had over fifty entries and was sponsored by partners including Aragon, Gitcoin, Near, Polygon, BitDao MetaCartel, and other leading web3 projects. It was also the first Hackathon dedicated exclusively to DAOs.
In the context of the event Eyal, CEO of DeepDAO pointed out that “Assets Under Management by DAOs have multiplied 300x in less than two years” and we will see a “Cambrian Explosion” of DAOs in the coming months Tim Delhaes, co-founder of Grindery pointed out. According to many web3 insiders, DAOs are where NFTs were about a year ago.
“However, DAOs still lack basic tools that are common in any company or startup” Tim continues, “payouts, timesheets, reporting.. All of these are not only productivity-enhancing gimmicks but a true requirement to enable trustless collaboration at scale. ”Grindery is building the framework, chain, and token independent tools these DAOs need.
“Grindery is building a swiss army knife for existing DAO Frameworks. Grindery complements existing DAO Framework like Aragon” Pete Abilla of Harmony points out. “This is why we provided them with funds through the Harmony Grant program earlier this year when we ported Aragon to the Harmony Blockchain.”
About The DAO Global Hackathon
The DAO Global Hackathon is a virtual sprint to build governance primitives, sponsored by leading DAO Infrastructure providers. The objective is to resolve technical limitations of the existing DAO tooling and to build the next frontier of coordination primitives. Winners were selected by a reputable group of judges, with a chance to take home a combined prize pool in value of $200K USD.
Grindery builds software that helps DAOs to be more productive and transparent by simplifying payments and reporting. Grindery has released its first product as a Chrome Extension in the Google Chrome Store. The team of serial entrepreneurs and seasoned developers has already won several Hackathons and is on track to become one of the leading tools of its category.
- Tim Delhaes