Kusama 2025: Private DAOs, regional chains, LIP and more

olanod
Fri, 10 Jan 2025 13:21:09 +0000
Miscellaneous

A quick recap before my Kusama 2025 ToDo list
Virto is one of the very few teams building exclusively on Kusama with the help of its treasury, I started Virto with the idea of implementing the Local Incentives Protocol, LIP defines a way for local communities to receive “contributions” from commercial communities every time anyone pays for a product or service. Contributions are like a tax that incentivizes the creation of the local DAOs empowered to improve local welfare.

I imagine LIP as an experiment part of the yet bigger experiment of re-imagining world societies built as a swarm of intelligent/integrated decentralized autonomous societies(IDEAS? ) that move wealth around efficiently with dynamic tax policies changing by the minute and specific goals in mind ram

With all this anarchist long term experimentation in mind what better place to build than the most decentralized resilient cypherpunk corner of the web3
Virto felt right at home in Kusama where we’ve been slowly building the many pieces of this puzzle…

… client libraries, payment system, a DAO Hub, token-less economics and more goodies that make UX great on the Kreivo parachain.

A sustainable success case in Kusama?

It’s great to build for the long term but our very down-to-earth team knows we need intermediate deliverables that bring utility today, to the regular folks we want this technology to benefit. Virto is enabling entrepreneurs not familiar with blockchain technology to set up their organization in minutes and provide them with the tools they need to iterate fast to achieve product market fit at a fraction of the cost.

We are glad to share that as of now Virto is sustainable(*in a poor way), we closed 2024 and started 2025 with brave beta testers that already see benefit in the technology and are willing to pay for the value it provides in its early state.
We’ve got a pilot of an on&off-ramps operation moving 200K+ USD/month, the yield bearing Decent stable coin(dUSD) issued by the regulated stable coin provider Brale and managed by the Decent Partners DAO, the Neotec grant recipient Kunveno building a technology for freelancers and taking with EU regulators about DAOs, some regional communities in the ecosystem looking to establish their own OpenGov enabled DAO and several more use cases we will be sharing over the course of 2025 that will enable us to keep evolving the protocol and attract even more real world use cases.

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