PAID Network which was recently invested in by UAE Alphabit Fund, has partnered with SpiderDAO, a next-generation hardware-based DAO governance model that aims to bring a new standard of fairness to existing DAO frameworks. SpiderDAO uses a dual-governance model that combines hardware & software tools with on-chain elements, to give voters and users of DAO based governance systems more equality. Users of SpiderDAO are not only secured through the DAO, but their networks are also secured by SpiderDAO’s dVPN (decentralized VPN) and granted ad blocking services.
Through this new partnership, SpiderDAO will utilize PAID’s SMART Agreements to create and strengthen future internal and external agreements and streamline operations. SpiderDAO can easily see the impact PAID will have on businesses around the world, saving them precious time and resources, including their own internal needs.
PAID Network will leverage SpiderDAO’s dual-governance DAO model in designing its own ecosystem governance model, as well as utilize SpiderDAO’s decentralized VPN service to further secure PAID’s network. This is a giant step forward enabling PAID to bring its SMART Agreements for all your business needs, to the market, sooner and in the utmost integrity and anonymity. In turn,
Nathan Varty, CEO of SpiderDAO, stated, “We are thrilled to collaborate with PAID Network, offering them the ability to create fair governance in their ecosystem is a huge step to collaborate on the future of blockchain tech. The essential work they are carrying out on trustless SMART agreements will be a giant step in the evolution of the blockchain industry or business in general.”
Kyle Chasse, CEO of PAID Network, added, “SpiderDAO’s technology allows for trustless DAO governance in the true ethos of the industry; and since PAID is all about trustless SMART agreements, SpiderDAO proves to be an essential building block in our ambitious goal of bringing PAID’s DApp to the market. I couldn’t be happier to have such a strong, essential, and solid partner in our corner. Thank you SpiderDAO for your partnership.”