GnosisDAO is a decentralized autonomous organization (DAO) that provides decentralized infrastructure for the Ethereum ecosystem. The GnosisDAO uses its products to guide decisions on the development, support, and governance of its ecosystem. GNO is the native token of the Gnosis ecosystem, used for staking on the Gnosis Beacon Chain and as the governance token for the GnosisDAO.

Founded by Martin Köppelmann and Stefan George, Gnosis is among the first projects supported by the Ethereum-focused incubator ConsenSys. Initially launched as a decentralized prediction market platform, the team soon realized the need for creating infrastructure tools to expand the utility of the Ethereum ecosystem. As a result, they developed products like Safe, CoW Protocol, Conditional Tokens, Gnosis Auction, and Zodiac.

In 2017, Gnosis raised 250,000 ETH (approx. $12.5 million USD, at the time) in an initial coin offering (ICO) for GNO cryptocurrency. The ICO released 4% of the coins’ 10 million max supply into circulation.

Gnosis Chain, a sidechain that addresses scaling challenges of the Ethereum blockchain, was created by combining the xDAI and GnosisDAO communities. The associated execution-layer EVM (Ethereum Virtual Machine) chain for stable transactions uses the xDAI token and includes a wide-ranging group of projects and users.

The CoW Protocol is a permissionless decentralized exchange (DEX) that allows users to swap any ERC-20 token for another. It matches and settles trades using multi-token batch auctions, rather than an automated market maker system, and settles trades at the best available price. Solving protects traders against miner extractable value (MEV), and ring trading is used to settle different tokens in a batch.

Safe is a customizable multisignature wallet infrastructure suitable for companies and individuals. It is a smart contract wallet on Ethereum that requires a pre-specified minimum number of approvals in order for the transaction to occur. Safe supports Ether, ERC-20 tokens, and ERC-721 (NFTs) and can interact with several DeFi platforms.

Gnosis Chain uses the xDAI stablecoin to facilitate transactions and pay for fees, and the network itself is secured by the Gnosis Beacon Chain. The GBC uses a Proof-of-Stake system, whereby users lock up an amount of GNO to participate in the transaction validation process and receive additional GNO tokens as a reward for helping to secure the network.

GnosisDAO is the collective steward of the Gnosis ecosystem, with hundreds of thousands of ETH and millions of GNO tokens in its treasury, vesting over an 8-year timeframe. As a DAO, the GnosisDAO governs the ecosystem and guides decisions on its development and support.

In conclusion, Gnosis is a blockchain infrastructure provider that creates decentralized infrastructure tools to enhance the utility of the Ethereum ecosystem. Its products, including Safe, CoW Protocol, Conditional Tokens, Gnosis Auction, and Zodiac, are used to guide decisions on the development and governance of the ecosystem. With the Gnosis Chain, Gnosis Beacon Chain, and GnosisDAO, the Gnosis ecosystem is poised to continue its growth and innovation within the Ethereum community.

Link: https://www.gnosis.io/

ValidateGnosis: https://www.validategnosis.com/