BUIDL with Gnosis at ETHDenver 2021
Curious about BUIDLing at ETHDenver & ColoradoJam 2021 with Gnosis but wanting more details on their project? Get the scoop from their recent interview with ETHDenver:
What Is Gnosis?
“So we do have our own product suite. We call it GnosisSafe multisig, which you can already tell by the name has to focus on this multi-signature scheme, which implemented the spending limits feature there. And basically, it’s a web interface where you can interact with your GnosisSafe account; it’s built in a very generic way. So it actually applies for a bunch of different use cases: we’ve got a desktop app as well. If you want to have the app run locally on your machine, we’ve also got mobile apps that are like completing the solution as they basically allow you to track your assets on the go. And you can also import a private key there to do confirmations when you’re on the go.”
What Else Should BUIDLers Know?
“In terms of Gnosis as a company and community, it’s primarily focused on building market mechanisms for decentralized finance. It does this by utilizing three product lines. So the GnosisSafe, it’s a self custodial account to manage digital assets. And we also have the Gnosis Protocol, which is a decentralized exchange. And then we also have the conditional token framework. I think one of the biggest problems is just having one private key or one seed phrase that manages all your assets. And I think really, we should get to a stage where we start thinking about, you know, composable ways of them, you know, creating your account your identity on the decentralized web, and what permissions should be attached to that, to that account, where you manage a digital asset with the GnosisSafe. And what a multisig smart contract is that I’m not tied to a private key, I can use it to create a multisig account that is tied to many different private keys.”
What Else Do You Want to Add?
“So we announced that we’re establishing GnosisDAO, which is to effectively control 150,000 ether. So that’s currently valued at about 200 million US dollars. We really see GnosisDAO as basically a tool to reinvent decentralized governance, because we set it up in a way that it’s a prediction market driven collective. So we will use prediction markets basically, or even future keys to basically see how certain proposals that are made for the community, for the DAO, how it will impact the Chino token, every proposal will have to prove through the prediction market that it will have a positive impact on the Celo token.
One of the core values is empowering users, we want to create a publicly-owned product, a community-owned product that is not trying to, you know, look at so called value out of its users in order to make you know, a monetary profit. We’re looking to give back the power to the user in order for them to create their own identities, and not harvest any data associated with those identities. And the roadmap of improving our solution design kits is to allow, you know, any type of developer to guess and to get their hands on with the GnosisSafe, and you know, implement their ideas and their innovation on top of the Gnosis safe stack. Look at the companies and look at the protocols that are participating in ETHDenver. And you know, pick one that really resonates with that; with yourself in terms of you know, their value proposition for Web3!”
Meet the team and learn more about Gnosis at ETHDenver & ColoradoJam 2021, February 5–12! Apply today at ethdenver.com.