Tangent and OsmiumDAO have signed a MOU partnership for future cooperation

The non-binding MOU is the first step towards mutual beneficial cooperation and win-win support.

OsmiumDAO

OsmiumDAO aims to create a progressive community that is based on true ownership, equality and transparency by leveraging the potentials and capabilities of DAOs (Decentralized Autonomous Organisations) and NFTs (Non-Fungible Tokens).

OsmiumDAO will represent a professionally managed treasury owned by the community built through various established business models owned directly by the token holders and governed by OsmiumShare NFT holders. The DAO also aims to grow the treasury and pay out dividends in perpetuity. Finally, the DAO plans to educate the broader crypto community about Cardano, the benefits of risk management, nurturing and managing a diversified portfolio in a decentralized way.

Tangent Protocol

Tangent Protocol is developing a protocol that integrates NFTs, DeFi utility and smart contracts in a web3 app to entirely bring new capabilities and functionality to the Cardano blockchain. NFTs have vast opportunities for alternative utility rather than just art.

Tangent Protocol supports artists, creators and enterprises whilst allowing for the sale and funding of tangible NFTs backed by the tokenization of real-world items, products and assets. Each Redeemable NFT is backed 1 to 1 by a physical item or product in the real world and these can be redeemed from the NFT issuer via the launchpad redemption function.

Tangent Protocol will provide DeFi services and solutions on Cardano to projects, developers and end users. A DeFi-as-a-Service (DaaS) platform will serve the farming needs of the Cardano community. NFT Farming is the next step in the evolution of complex NFTs, that on one level are collectible digital art pieces but on another, form parts of smart contracts that are utilized within decentralized finance. These NFTs are not only aesthetically pleasing but possess staking capabilities within Farming Pools thus generating yield rewards for each user. Tangent Protocol has coined the phrase Operative Artwork to describe this function. The NFT Farm will eventually be completely permissionless, providing a platform where any user (even those with zero knowledge of coding) can create their own NFT Farming Pools on Cardano.

The Partnership

On 1st December 2022, OsmiumDAO and Tangent Protocol officially sealed our partnership by signing a MOU that clearly states the terms of the relationship between both projects.

Furthermore OsmiumDAO and Tangent Protocol will continue to explore and pursue strategies and ideas that will benefit both communities whilst aiming to bring new and exciting innovations to the Cardano Blockchain ecosystem as it grows.