TechFlow reports that Element Market has announced the official launch of Element DAO, which will in the future hold usage and decision-making rights over the Element protocol.
Element DAO will focus on revolutionizing Web3 DApp services, including NFT trading platforms. Early core contributors, particularly the Element NFT marketplace, are open-sourcing their leading NFT technologies to the DAO. This includes the multi-chain NFT marketplace, the ElementEx protocol, and innovative NFT-as-a-Service (NFTaaS) technology stack.
Element DAO will launch its governance token $ELE, with major airdrop allocations going to the community members who have used its services. Future development and operations will be managed and overseen by the $ELE community, with a roadmap announcement forthcoming.
