Universe.xyz & xyzDAO is an initiative, which grants voting rights to the $XYZ holders and lays the foundation for Universe Protocol. Universe protocol is a social media NFT platform that includes minting, marketplaces, social tools, NFT tools, and auctions.
<aside> 📝 “Universe” does not refer to an incorporated entity based out of any legal jurisdiction.
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Universe is an open source NFT protocol powered by a collaborative community. Its founding team and the community that has emerged since its inception coordinate the continued development of a suite of products. Through a combination of formalized decision-making and informal channels for reaching consensus.
xyzDAO has control over the parameters of the Universe Protocol, more specifically the fees and future upgrades to the Universe. The parameters of creating new Collections and turning off the $XYZ token mint function is also under the control of the xyzDAO.
<aside> 📝 The xyzDAO is a direct fork of the BarnBridge DAO, which was audited by Quantstamp and Haechi.
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xyzDAO empowers the community by enabling decentralized decision making in the Universe protocol. It is governed by the $XYZ tokens and is the core component of the Universe platform.
For a better understanding of the idea behind Universe.xyz take a look at our Whitepaper. In addition, you can view all our contributors in the Team Section.