DeepDAO Launches ‘Google for the DAO Ecosystem’

DAO analytics site DeepDAO recently announced the launch of its new specialized search engine for the DAO ecosystem. The data aggregator aims to provide faster ways to easily find answers to the most common DAO-related questions. 

A Google For DAOs

The new specialized search engine by DeepDAO could act like Google for decentralized autonomous organizations (DAOs) and the people involved in them. DeepDAO is a data aggregator and analytics tool and had its V2 launch on January 27. 

The key features of DeepDAO’s V2 launch included searching for any Ethereum address to find its DAO Resume, intensified search for over 4000 Web3 Organizations, availability of top tools, and in-depth analytics. 

That said, DeepDAO’s proprietary search engine has been designed keeping in mind the growing DAO ecosystem to provide those participating in the DAO space with an easy way to make informed decisions.

Growth of DAOs

There are currently over 4,100 DAOs and 1.6 million people holding governance tokens, as per data from DeepDAO. A blog by the firm further highlights that it’s becoming increasingly hard to navigate the complex and emerging world of DAOs. DeepDAO’s proprietary search engine was designed to provide those participating in the DAO ecosystem with an easy way to make informed decisions.

DeepDAO’s engine aims to bridge the gap between DAOs, their users, and their tokens. DAOs have been a crucial part of the crypto industry as their innovative governance structure enables businesses and organizations to be managed digitally, in a fully-decentralized way, and with better transparency.

Since a large number of DAOs in the market makes it hard for users to navigate through the ecosystem the same could be deterring people from joining the space. To combat this, the DeepDAO search engine divides its data into four segments, namely organizations, people, fees, and tools. 

Furthermore, the DAO Feed offers users an overview of all the decisions and votes taking place in the DAO ecosystem, while the tools segment lists several tools for creating and managing DAOs.

By the end of last year, DeepDAO reports highlighted that DAO treasuries surged 40X in 2021. DeepDAO ranked Uniswap DAO, BitDAO, and Lido Finance DAO as the top three, with treasury value at $2.9 billion, $2.4 billion, and $602 million at that time.