Collab.Land, a platform that enables decentralized autonomous organization (DAO) member collaboration, has seen a surge in growth due to the Covid-19 pandemic, according to co-founder Anjali Young.
In an interview with Decrypt’s Jason Nelson at ETH Denver, Young explained that the pandemic created a need for better tools for remote collaboration, which led to increased interest in crypto and DAOs.
“Collab.Land grew because of Covid,” Young said. “People were looking for ways to collaborate remotely, and DAOs became a really interesting way to do that.”
DAOs are organizations that are run by code and operate on a decentralized blockchain network. They allow members to participate in decision-making and governance without the need for a centralized authority.
Collab.Land provides tools for DAO members to communicate, vote, and manage tasks in a decentralized manner. The platform has seen significant growth in recent months, with over 200 DAOs currently using its services.
Young believes that the pandemic has accelerated the adoption of crypto and blockchain technology, as people look for new ways to collaborate and transact online.
“I think Covid has really accelerated the adoption of crypto and blockchain,” she said. “People are realizing that there are better ways to collaborate and transact online, and DAOs are a big part of that.”
As the world continues to grapple with the pandemic, it seems likely that the growth of Collab.Land and other DAO tools will continue to accelerate, as more people look for ways to collaborate and transact in a decentralized and secure manner.
