Hassan Maishera
HBAR Foundation, the development team behind the Hedera blockchain, announced via X on Tuesday that it intends to fund a decentralized autonomous organization (DAO).
The funding comes as the HBAR Foundation believes that the ecosystem will benefit from a diverse and multi-pronged growth strategy. They added that they will facilitate a series of open discussion forums to collectively brainstorm and find a collaborative path forward.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.1033 at press time, down by 4% over the last 24 hours.
