Former Chair of the Cardano Foundation to Launch DAO on Algorand

Nathan Kaiser is a big player in crypto, he is now setting his sights on Algorand.

Covered:

Kaiser, Cardano, and Algorand
The need for DAO’s and fair launches
Growing non-EVM alliance

Kaiser, Cardano and Algorand

Nathan Kaiser has his hand in many pots, and Algorand seems to be the newest one. Kaiser has a long history in crypto, serving as Chair of the Cardano Foundation, Chief Legal Counsel for IOHK, and Chair of the Board of Tokengate.

His current, major role is with Occam.fi as Head of the Advisory Board. Occam.fi is the leading launchpad on Cardano, providing staking and liquidity mining for IDO’s launching on Cardano. His role there is meant to “provide legal opinion and help to navigate collaborations with key strategic partners.”

Kaiser is now setting his sights on Algorand, tweeting today that there will be “news to come soon.” It appears Kaiser is working with a team on AlgoDAO (decentralized autonomous organization) which will be the backbone of a forthcoming launchpad on Algorand.

Launch is hard!

We need more launch options on #Algorand

News soon to come… #AlgoDAO ! https://t.co/Qnwu2FfZNQ

— Nathan Kaiser 王納森 (@nathan_kaiser) January 27, 2022

The Need For DAO’s and Fair Launches

Many projects are plagued by botched or rigged launches which result in harm to the ecosystem and investors. VC’s dumping, bots frontrunning, are just a couple of major issues when projects launch a token. Also, the regulatory neccessity of staying “above board.” This is why experts like Kaiser work in this area.

Having a transparent token lanch to build liquidity and harness the community is paramount for any project. Algorand will certainly benefit from the expertise of Kaiser. Something like Occam.fi is likely what you will see coming to Algorand in the near future.

At this point in the industry, both Cardano and Algorand understand the importance of legal counsel and expertise to ensure their chains can both revolutionize money and finance yet exist within the current paradigm of laws and regulations.

DAO’s and launchpads done correctly can greatly insulate a protocol and chain from undue scrutiny from regulators. It is reasonable to assume that if chains do not take a serious approach to this, they will be vulnerable to fraud and scamming within, and harsh regulation without.

Currently, there are no fully shipped DAO’s on Algorand, this is major hindrance to a chain with highly functioning smart contracts, waiting to grow among their peers. Occam.fi is also a DAO, where users need to stake a certain amount of the Occam token (OCC) to become a member of Occam DAO board.

Growing Non-EVM Alliance

Cardano and Algorand appear to be part of a growing alliance of non EVM chains looking to rival EVM dominance. Something could be in the cards considering the involvement of Kaiser in both. Arrington Capital is investing in a protocol called Milkomeda which seeks to unite Cardano, Algorand, and Solana with scaling solutions.

.@Milkomeda_com bringing EVM sidechains / rollups to:

Cardano 🤝 Algorand 🤝 Solana

Make love, not war

— Arrington XRP Capital (@arringtonXRPcap) January 25, 2022

It will be interesting to see just what Kaiser has in store in terms of AlgoDAO, and certainly non-EVM chains like Solana, Terra, Algorand, and Cardano are going to give ETH and EVM dominance a run for its money in the coming years.