Open source blockchain platform Waves established a non-profit organization called Waves Association in Frankfurt, Germany to provide effective governance for its own ecosystem, Web3.
On Feb. 3 a press release stated that it will foster the development of DLTs, including public and private blockchain protocols.
The Waves Association will be represented by ten community members from six different countries:
Waves founder Alexander Ivanov says:
Through the Association, we will be able to increase the numbers of developers and users, and also plan to attract crypto enthusiasts, who develop other blockchain technologies and solutions.
According to the press release, the Waves Association will actively collaborate with universities, research centers, as well as companies and governments in Europe and around the world.
The association will furthermore develop DAO-like tools and blockchain-based solutions for decision-making and member engagement, including voting and decentralized management.
The Waves Association also intends to support the Waves protocol and infrastructure, which includes a decentralized network, technologies, and various development tools, with a focus on the Gravity Hub, a blockchain-agnostic protocol that solves interoperability issues.
The Waves Association is registered as a non-profit organization under the German tax law. Its legal advice is provided by the Frankfurt law firm Winheller, one of the leading players in non-profit, tax, and cryptocurrency law.