River, an on-chain encrypted messaging protocol, has acquired Llama, a Founders Fund-backed good contracts platform for decentralized governance.
The acquisition will assist River buttress its governance throughout its ecosystem, with the protocol integrating Llama’s open-source good contracts know-how straight into its varied platforms.
In accordance with a weblog publish detailing the transaction, leveraging Llama will enable River’s stakeholders, together with node operators and house house owners, entry to built-in instruments that can bolster governance mechanisms.
As an example, node operators or house house owners can now submit proposals associated to protocol adjustments, with safe and clear voting.
“Briefly, this acquisition crystallizes the flexibility for each group to mechanically deploy their very own totally on-chain DAO with a treasury system. By means of this framework, members can talk about and resolve how funds are allotted and learn how to govern their very own group,” River wrote within the weblog publish.
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River launched in March 2024, introducing a protocol that sought to remodel the event of messaging apps. The good contracts platform, which operates as a layer-2 blockchain, gives compatibility with the Ethereum Digital Machine.
River good contracts on Base permits the protocol’s house creators to deal with options reminiscent of pricing, and gate entry.
Llama in the meantime permits protocols to leverage its governance and entry management platform for varied governance targets. These embrace managing good contract operations, treasury, protocol parameters, and emergency capabilities.
Llama raised $6 million in November 2023 in a seed spherical led by enterprise capital companies Founders Fund and Electrical Capital.
River seeks to make inroads in a messaging app market that’s at the moment estimated at over $200 billion. In accordance with Ben Rubin, the developer of the Cities platform on River, there’s large potential for “non-public, ownable and monetizable group chats.”
Dominating the messaging apps market in the present day are WhatsApp, Fb Messenger, Telegram, WeChat and Discord. Consultants say decentralized is the long run.
Learn extra: Privateness knowledgeable slams WhatsApp and Telegram, touts decentralized messaging as future
