Neo Council recruitment commences as Neo embraces decentralization Listen to article Press Release
Shanghai, China – On June 8, 2021, Neo, a leading community-driven blockchain platform, commenced recruitment for the 21-member Neo Council to prepare for Neo N3’s entirely revamped governance model. To ensure the stability of the Neo N3 mainnet upon release, the Neo Foundation is looking for up to 10 candidates to become initial members of the Neo Council who will be responsible for maintaining the early health of the Neo Network.
As the launch of the Neo N3 mainnet rapidly approaches, one of the most prominent changes that will be unveiled is a completely upgraded and reimagined governance model. With a focus on sustainable and long-term growth, Neo N3 will feature a more decentralized governance system that has been designed to be more flexible and adaptable for the blockchain sector of today and tomorrow.
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The cryptocurrency and blockchain ecosystem continues to grow and evolve. Numerous projects are on the cusp of launching their mainnet or enhancing the overall experience. More competition and collaboration in this industry will benefit both developers and users globally.
Creating A More Competitive Landscape
Whereas many people think cryptocurrencies and blockchains don t extend beyond Bitcoin and Ethereum, the reality is very different. Despite their popularity, both of these prominent ecosystems have shortcomings that need to be addressed or overcome. That hasn t proven easy, although it is also an opportunity for alternative projects to make their impact on this buzzing industry.
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Finishing the business week with some big announcements made by Theta Network, Stellar Lumens and Neo.
Theta announced today that it has launched the ThetaSwap v1, the first DEX for Theta Blockchain. The ThetaSwap is built on AMM (Automated Market Making) logic similar to UniSwap, which allows to seamlessly exchange TNT20 – Theta-native tokens built on Theta Network. Theta sees a great opportunity in use of Theta Network and ThetaSwap for influencers, streamers, who build their fan tokens and pools and DAOs to fund entertainment and media ventures. Theta team in their announcement post on Medium also noted that they expect the launch of media/entertainment tokens to be a major theme for 2021, as everyone from the smallest streamer to the largest Hollywood studio looks for new ways to monetize their content in a seamless and decentralized way, free of middleman fees.