On Wednesday, one of the world’s largest decentralized autonomous organizations, Bitdao, announced the soft launch of a modular Ethereum layer two (L2) network called Mantle that claims to bolster lower fees and fast transactions. According to the Bitdao team, Mantle’s public testnet is scheduled to release in 2023.
Decentralized Autonomous Organization Soft Launches Mantle, a ‘Connective Tissue for Various Bitdao Initiatives’
2022 has seen a significant amount of innovation dedicated to layer two (L2) Ethereum networks. On Nov. 30, 2022, the decentralized autonomous organization (DAO) Bitdao announced the soft launch of a new L2 called Mantle. According to the webpage, Bitdao is a collective of “builders, products and mutually beneficial ecosystems,” which is governed by BIT tokens.
At the time of writing, statistics from deepdao.io indicate that the DAO is the second largest under Uniswap’s DAO. Bitdao’s treasury holds roughly $2.7 billion in value which consists of t
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