Introducing Fractally — The next generation of DAOs
Fractally (fractally.com) jumpstarts the original vision presented for EOS in 2017 by combining a blockchain powered decentralized exchange, social media network, and high-performance smart contract platform with fractal democracy, the most advanced decentralized governance process in the market.
This vision brings together all the lessons learned from my first two blockchains: BitShares and Hive (originally Steem). We can now incorporate lessons about decentralized governance which I outlined in my book, “More Equal Animals — The Subtle art of True Democracy” and were tested by the Eden on EOS community in 2021.
First DeFi Exchange — BitShares 2014
In 2013, I introduced the term “Decentralized Autonomous Company (DAC)” as a metaphor that was useful for understanding the economics of Bitcoin and for designing BitShares.
The concept went viral and eventually evolved into the term DAO everyone uses today. BitShares was the first DeFi platform and remains the highest performance decentralized exchange on the market to this day. With BitShares anyone can create, distribute, and exchange tokens with a simple user interface — no smart contract coding required. Fractally intends to produce an application for EOS that is just as powerful and even easier to use while also incorporating more recent advancements in automated market makers.
First Social Media Blockchain — Hive/Steem 2016
Steem was the first social media platform on a blockchain. It grew virally to one of the top 1000 websites in the world (according to Alexa) because it rewarded users for posting. Steem was the first blockchain that was so easy to use that people from all walks of life could get involved. Today the original Steem community can be found on Hive.blog.
Fractally will bring incentivized content creation to EOS while mitigating the abuse with lessons learned from the fractal governance process of Eden.
Eden on EOS Decentralized Fractal Governance — 2020
In 2020 I released my book, “More Equal Animals”, and in 2021 we tested the fractal governance process by creating Eden on EOS and hosting 3 elections involving hundreds of people. This ongoing experiment was incredibly successful and those who participated enjoyed the process.
Violet.garden, a social blogging application on EOS, was able to leverage the strong uniqueness of Eden users to implement Universal Basic Income and a Sybil attack resistant blogging platform on EOS.
Fractally has hired John Williamson, the founder of violet.garden, and is working to bring a well-governed social media platform to EOS. Fractally solves many of the problems with Steem’s token-weighted voting system by leveraging the lessons learned from Eden. Several more hires will be joining Fractally soon as we continue to expand our team.
Mandel & EOSIO Development
With funding from the EOS Network Foundation, Fractally has also taken on the role of maintaining Mandel, a community-driven fork of EOSIO. This is possible because the Fractally team contains many of the original developers of EOSIO.
White Paper — Tuesday, Feb 22, ’22 at 22:22 UTC.
On Feb, 22 at 22:22 UTC we will unveil the details of our vision for Fractally with a YouTube premiere and the release of the Fractally white paper. Be sure to follow us on twitter (@gofractally) to keep up to date with the latest news.
Fractally Brand Identity
Learn more about the meaning behind the ƒractally branding.
