FTT DAO, a community-led ecosystem DAO, received 250,000 $FTT, worth about $7m, in community donations to kick start its activities. A number of community contributors took part in the donation to help grow FTT DAO. Through this donation, which will be used as an ecosystem fund, FTT DAO plans to support upcoming community-led projects across areas like crypto education, decentralized finance and effective altruism for the FTT community.
What were the stakeholders’ thoughts?
“As an independent, community-led DAO, fans of FTX and Sam Bankman-Fried are encouraged to follow and get involved as a BFF, a Bankman-Fried Fan, Friend or Follower. There are limitless opportunities for FTT DAO right now, those interested also have the option to apply for a grant for an idea or project they have in mind,” said contributor 0xMarcJ.
“I’m aware of FTT DAO and it’s cool that the community is spontaneously coming together,” said Sam Bankman-Fried, Chief Executive Officer of FTX. Fans can expect to see more cryptocurrency educational videos, content, and events. Donations are also earmarked for FTT-related NFT projects and further building the FTT global community and utility.