Kylin Network Introduces “DDMO – DeData market Offering”

Kylin Network introduces it news new development direction “DDMO – DeData market Offering”.

The DDM itself will be represented as a single NFT, a ‘DDM NFT’ from which all participants can own a fractionalized portion. The fractionalized ownership of the DDM NFT grants its owner the associated remuneration of the data querying fees associated with the DDM.

The DDM will be as much a DAO Venture as a DeData Market, such that it will have exclusive rights to its associated functionality (as voted on by Kylin holders and community), and the funds put within it as part of the sale will be represented as multisig rights (between Kylin and the voted DAO community holders) for ongoing treasury management and development (hiring of a qualified team for one to two years).

About Kylin Network

Kylin Network offers any applications and blockchains (such as parachains and parathreads) instantaneous but reliable and valid on/off-chain market data and social data sources by leveraging the power of Polkadot/Substrate Framework on open networks.

➡️Source:
https://kylinnetwork.medium.com/introducing-ddmos-a-dedata-catalyst-for-kylin-network-3bbc653491d2