Governance

17 September 2020

Participate in the future of NFT Protocol!

We are launching community-led governance.

As we progress the project towards greater decentralization, the development team is pleased to be launching off-chain voting. Off-chain voting is currently the fastest and most reliable way for communities to direct the future of decentralized projects.

We’re utilizing the open-source Snapshot platform, developed by the folks at Balancer Labs and successfully powering communities from Aave to Yearn.

How it works:

  • Proposals are created for free by both developers and the community Each proposal and vote requires the participant holding 100 $NFT tokens

  • Proposals and votes are signed messages (relayer receipts) stored on IPFS

  • Token holders vote off-chain by staking $NFT tokens

  • The voting result is verifiable

  • Developers execute the action on behalf of the community

It is planned to launch week of 21 September right here at: https://docs.nft.org

Image: How Snapshot works.