Waves non-profit association founded in Frankfurt Germany

The open source blockchain platform Waves has set up a non-profit organization called the Waves Association in Frankfurt, Germany. This will have the role of ensuring effective governance for its own ecosystem. The Web3 project aims to support the development of DLTs, including public and private blockchain protocols.

The Waves Association will be represented by ten community members from six different countries: Portugal, Spain, Switzerland, Germany, Holland and Russia.

It will be an independent body that will define the priorities and directions for the development of Waves technologies through a decentralized voting process at the meetings of the Association.

Waves Association – Objectives

The activity of the association will run in four major directions:

• Governance – implementing decisions on the blockchain, such as voting on all major issues and upgrades, as well as developing governance in the DAO style in the future.
• Technology development – the association will support the development of the Waves protocol and infrastructure, which includes a decentralized network, technologies and various development tools, with a focus on next-generation Waves technology – Gravity Hub.
• Development of the blockchain toolkit – community development by attracting new developers and allowing anyone to create their own Waves applications.
• Research and education – Active collaboration with universities, research centers, industry and governments in Europe and around the world.

Waves founder, Alexander Ivanov, which is also a member of the association, calls the launch of the Waves Association an important step for the company’s ecosystem:

“Through the Association, we will be able to increase the number of developers and users and we also intend to attract cryptocurrency enthusiasts, who are developing other blockchain technologies and solutions.”

The price of cryptocurrency waves is around $ 1 and can be traded on Binance, both in dollars and in Bitcoin.