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News Explorer — Allegations Arise That Harmony Grant Program for DAOs Was a Money-Grab

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May 26, 11:16 am
DL News

Allegations Arise That Harmony Grant Program for DAOs Was a Money-Grab

During the 2021 crypto bull run, Harmony, a layer 1 blockchain, found itself worth billions of dollars and decided to spread its money around with a $50 million grants program. Grants were awarded to DAOs with low requirements, such as 1,000 Twitter followers or 100 Discord members, leading to allegations of a money-grab movement.

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