APT
Aries Markets Launches the First NFT Governance-Based Platform on Aptos
By
Soumen Datta
March 27, 2023
1
MINS
Aries Markets’ OrderDAO is the first governance platform dedicated to NFTs, potentially increasing transparency and community involvement in the rapidly-growing NFT market.
Govern With NFTs
Aries Network announced the launch of OrderDAO, the first Non-Fungible Token (NFT)-focused governance platform on Aptos Network.
“This marks OrderDAO’s official launch on Aptos, we aim to support all DAOs on Aptos, empowering community with seamless decision-making, fostering stronger innovation and collaboration,” stated Aries Markets.
OrderDAO is an open-sourced Decentralized Autonomous Organization (DAO) management platform built by members from Aries Markets, which allows DAOs and NFT Communities to vote and conduct decision-making via proposals easily.
Using the platform, any protocol can create DAOs to assist governance and use the OrderDAO platform to manage active members. The OrderDAO platform enables members to suggest their proposals and facilitate vibrant discussion.
One can use a protocol’s NFT collections to participate in decision-making by voting for or against DAO proposals.
Aries Markets has launched OrderDAO with several DAOs such as Spooks DAO, Jungle DAO, Aptomingos DAO, Pontem Space Pirates, Lemur Lounge DAO, and more.
Aries Markets announced its public DevNet launch last October with Aries money markets, Aries Swap and Aries Trade. The mainnet went live on October 26, listing USDC (Wormhole Bridge), zUSDC (LayerZero), APT, and SOL.
The protocol also had its smart contracts audited by Ottersec. Aries bridge currently allows bridging to and from six different networks – Aptos, Solana, Ethereum, Fantom, BNB Chain, and Polygon.
What is Aries Markets:
As a decentralized exchange, Aries Markets aims to simplify the user experience across the entire DeFi ecosystem. Users can trade with margin via a fully on-chain order book, earn interest on deposits, borrow from shared liquidity pools, and access other Aptos DeFi products.
Learn more about Aries Markets here:
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Author
Soumen Datta
Soumen Datta
Soumen is an experienced writer in cryptocurrencies, DeFi, NFTs, and GameFi. He has been analyzing the space for the last several years and believes there is a lot of potential with blockchain technology, even though we are still at an early stage. In his spare time, Soumen enjoys playing his guitar and singing along. Soumen holds bags in BTC, ETH, BNB, MATIC, and ADA.
