March 22, 2023

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Currently, the Decentralized Autonomous Organization (DAO) of the Ethereum Name Service (ENS) will be led by Karpatkey. Karpathkey is going to be responsible for overseeing the projected fifty-two-million capital stock. 

The decentralized system of the ENS undertaking, DAO, decided to channel donations with the money-management system Karpatkey.

The latter, as the new fund manager, will be in charge of ENS’s finances and make sure that the organization has enough money to continue moving forward regardless of the state of the economy.

The first financial management platform created by Gnosis Ltd. was chosen by the community through a voting process that lasted from for five days. 

With more than one and a half million votes, Karpatkey was chosen

The founders and managers of both organizations have participated with full voting rights in the choosing process. Without any challengers placing second, Karpatkey received 1.3 million votes.

The majority of ENS finance is currently managed by a financial management company and consists mainly of USDC and ETH.

Karpatkey has been managing non-controlled assets for more than two years, and, excluding ENS, it is currently responsible for over $397 million. 

The establishment of long-term funds to aid development

The ENS Fund seeks to set up a long-lasting finance reserve that might go on to grow steadily in spite of economic state that may adversely affect ENS enrollment and rehabilitation revenues.

Nicholas Johnson, one of the three ENS Foundation board members, and M. Isa, Chief executive officer and creator of Avantgarde, claim that the ENS Fund discourse is in a crisis that started in March with Terra Luna, Three Arrows Capital, Celsius, and FTX. 

With our non-custodial solution, funds are managed completely and transparently online. At the core of the solution, the companies rely on DAO’s trusted financial management tools.

The Zodiac Gnosis Guild is described as an open standards toolkit on its GitHub page, and Safe, one of the most well-liked decentralized digital asset storage solutions, is entirely Ethereum.

They received about 40 billion dollars. Agreement. Karpatkey’s opening bid is fifty-two-million-dollars, and its closing bid is $69 million. 

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