TechFlow news, the NEAR Foundation announced it is refining its grant process, including transitioning to a more decentralized capital allocation model through DAO grants. Initially, this will involve DeveloperDAO, MarketingDAO, CreativesDAO, and an additional DAO set to form in the first quarter of 2023.
The NEAR Foundation will cease directly allocating funds from inbound launch grant programs, except for time-sensitive grants, which will be transferred to MarketingDAO upon establishment of its governance. Additionally, it is expected to take 6–8 weeks of collaboration with community members to outline a clear application process for funding via DAOs. Source link
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