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CoinGape
2022-07-16 13:03:50

Report Warns Investors About The One-Percent Problem In Web3

Report Warns Investors About The One-Percent Problem In Web3

According to a report published by Chainalysis, Web3 ownership is surprisingly centralized. A decentralized Autonomous Organization or DAO claims to provide a decentralized structure of management. However, an analysis of 197 DAOs by Chainalysis highlighted that nearly 1% of token holders control over 90% of the voting power. How DAOs Work? DAOs rely on Web3 The post Report Warns Investors About The One-Percent Problem In Web3 appeared first on CoinGape.

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