Daniel Larimer Introduces the Fractally DAO to Deliver EOS’ Original 2017 Vision

Daniel Larimer is a popular software programmer who was also co-founders of BitShares and Steem and the EOS network. He recently announced that he would be rebranding his previous ventures.

Daniel Larimer Shares New Vision

Larimer shared a press release with CryptoPotato stating that his new vision, called Fractally, will bring the original EOS vision from 2017 to the modern cryptocurrency market.

He stated that Fractally would be a unique combination of a decentralized platform, a social media platform and decentralized governance.

Larimer says that the new venture will draw on the lessons from his past ventures including BitShares, one of the most efficient decentralized exchanges and Steem, the first decentralized social network.

In 2013, Larimer created the idea of a “Decentralized autonomous company (DAC)”, upon which BitShares was founded. Currently, the term DAC can be referred to as a Decentralized Automatous Organization (DAO).

Anyone can use BitShares to create, distribute and exchange tokens. It requires no programming experience. Fractally, however, will offer something better, says Larimer.

Becoming the DAO for DAOs

Larimer pointed out that Fractally would produce an EOS-based app that is “just like powerful and even more easy to use while also incorporating greater advancements in automated markets makers.”

Steem was a top social media platform at that time due to its ability to reward users for their posts. Fractally will use the Steem social reward system to incentivize blogging and reduce the possibility of abuse.

Larimer pointed out that the new project will also incorporate the principles of decentralized government outlined in his book, “More Equal Animals: The Subtle Art Of True Democracy.” These principles were already tested in the EOS community.

Larimer and his team had already tested the concept of fractal governance earlier in 2021 by creating Eden on EOS, hosting three elections that included hundreds of participants and testing it. The experiment was deemed successful by both the participants and hosts, according to Larimer, co-founder of EOS.

Violet.garden is an EOS-based blogging app that allegedly used the uniqueness of Eden users in order to implement the Universal Basic income practice on EOS.

Larimer disclosed that John Williamson, the founder of Violet.garden was hired by him to assist with the launch and management of a social media platform on EOS.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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