December 28, 2021 – San Francisco, California
On December 17, 2021, the DAO Global Hackathon chose Grindery as the second-place finalist in the ‘finance and operations’ track. The award recognizes Grindery’s novel solution for helping DAOs to ‘get things done’ by doing the following.
- Enabling batch payouts for salaries, grants and bounties
- Automating trustless reporting leveraging IPFS decentralized storage
- Integration with Gnosis, Aragon and other leading DAO frameworks
Sam of Superfluid and track judge at the DAO Global Hackathon said,
“Overall, I think this aspect of DAO tooling is going to be very important moving forward. The Grindery team is championing the process of building [these] tools and making it easier to manage payments and create reportsand they build a lot of integrations. We’re excited to experiment with it.”
The Hackathon had over fifty entries and was sponsored by partners including Aragon, Gitcoin, NEAR, Polygon, BitDAO, MetaCartel and other leading web 3.0 projects. It was also the first Hackathon dedicated exclusively to DAOs.
In the context of the event, Eyal, CEO of DeepDAO, said that,
“Assets under management by DAOs have multiplied 300 times in less than two years.”
According to Tim Delhaes, co-founder of Grindery, we will see a “Cambrian explosion” of DAOs in the coming months. According to many web 3.0 insiders, DAOs are where NFTs were about a year ago.
“However, DAOs still lack basic tools that are common in any company or startuppayouts, timesheets, reporting. All of these are not only productivity-enhancing gimmicks but a true requirement to enable trustless collaboration at scale. Grindery is building the framework, chain and token independent tools these DAOs need.”
Pete Abilla of Harmony added,
“Grindery is building a swiss army knife for existing DAO frameworks. Grindery complements existing DAO frameworks like Aragon. This is why we provided them with funds through the Harmony grant program earlier this year when we ported Aragon to the Harmony blockchain.”
About the DAO Global Hackathon
The DAO Global Hackathon is a virtual sprint to build governance primitives, sponsored by leading DAO infrastructure providers. The objective is to resolve technical limitations of the existing DAO tooling and to build the next frontier of coordination primitives. Winners were selected by a reputable group of judges, with a chance to take home a combined prize pool in value of $200,000.
Grindery builds software that helps DAOs to be more productive and transparent by simplifying payments and reporting. Grindery has released its first product as a Chrome extension in the Google Chrome Store. The team of serial entrepreneurs and seasoned developers has already won several Hackathons and is on track to become one of the leading tools of its category.
Tim Delhaes, co-founder of Grindery