Solana's Realms Governance Center Shifts to New Management

Solana's Realms: A New Era Under Realms Today Trust

In a significant shift within the Solana ecosystem, Realms, the governance hub for Solana-based DAOs, is transitioning to new management under the banner of Realms Today Trust. As reported by PANews, this decision marks a pivotal separation from Solana Labs, facilitating a focused mission on profitability and sustainability.

Leadership Insights

Leading this new entity is Dean Pappas, a seasoned contributor to Realms. He emphasizes that the transition will not compromise the services that many Solana-based DAOs currently depend on. The governance tools that empower token holders will remain accessible free of charge, although the introduction of new features will come at a cost.

Innovative Services for DAOs

One of the key objectives of Realms Today Trust is to offer crypto consulting services tailored for DAOs aiming to establish robust governance structures. This initiative includes:

• A Registration Hotline: Assisting DAOs in creating legal structures and opening bank accounts.
• Crypto Fund Credit Cards: Enabling easy spending of crypto funds for registered DAOs.
• Grant Opportunities: Realms plans to allocate $200,000 in grants to support emerging Solana DAOs.

While the source of these funds remains undisclosed, the initiative represents a commitment to fostering growth within the community.

Team Expansion and Strategic Developments

Currently, the Realms team consists of 12 full-time employees, with plans for further expansion as they aim to develop more front-end interfaces for diverse tokenized governance use cases. This shift is a move away from the previous one-size-fits-all model, addressing the unique needs of various projects.

Potential Changes in Governance Standards

Moreover, aspects of Solana's SPL token governance standard may undergo changes. The Realms codebase is open-source, ensuring accessibility for developers and contributors within the community. Realms Today Trust plans to fork the existing codebase to facilitate the creation of new governance features.

Conclusion

The transition of Realms to Realms Today Trust marks an exciting new chapter, emphasizing profitability, community support, and innovation in the Solana ecosystem. As they implement these changes, the focus remains on empowering DAOs and enhancing governance within the blockchain space.