The Web3 company MetisDAO Foundation is responsible for the introduction of the smart contract-based platform known as Koris. By providing an end-to-end operational infrastructure, it makes it possible for decentralized organizations to manage and govern communities.

Although DAO platforms already include collective decision-making and operational activities, the group believes that these platforms have the potential to be improved by incorporating technologies that help the expansion of Web3 companies. This despite the fact that these platforms already include these features.

There is a growing need for decentralized autonomous organizations (DAOs) with greater transparency in management, says Chelsea Kubo, co-founder and COO of Koris.

He went on to say that “These management models and infrastructures are displayed within a DAC, and KORIS serves as a platform to help businesses thrive in a web3 environment. DACs are used by many organizations.

Having said that, it’s only a matter of time until big companies and web2 startups start transitioning in the direction discussed here.”

The project is currently operating in the closed beta phase at the moment.

On the other hand, the company has said that in the not too distant future, anyone will be able to create their own DAC on Koris.

This includes both private individuals and companies that have already established themselves as leaders in the Web3 industry and are interested in establishing their own communities.

In recent years, decentralized autonomous organizations (DAOs) have received a significant amount of aid to fuel their growth.

In addition to Koris, the World Economic Forum (WEF) showed its support for decentralized autonomous organizations on January 17 by launching a suite of tools (DAO).

The purpose of the document, which is the result of contributions from more than one hundred people, was to serve as a starting point for decentralized autonomous organizations (DAOs) in their search for effective solutions to governance, operations, and legal issues. compliance.