TechFlow news — Bankless co-founder Ryan Sean Adams tweeted that BanklessDAO is a completely independent entity separate from Bankless, and neither he nor fellow co-founder David Hoffman, nor Bankless itself, has ever derived economic benefit from the DAO. They have never sold BANK tokens nor participated in the DAO's governance voting.
He and David allowed the DAO and those who share Bankless values to freely use the brand, but to avoid damaging Bankless' reputation, BanklessDAO has now rebranded to Udi DAO.
Previously, BanklessDAO applied to Arbitrum for 1.82 million ARB tokens to fund a 12-month initiative aimed at guiding users from awareness to expertise, further driving adoption.
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