Aagora Acquires Boardroom to Accelerate Governance Infrastructure Scaling for Ethereum Protocol
Alyssa Davidson
Posted: January 24, 2025 2:03 AM Updated: January 24, 2025 2:03 AM
Aagora, a startup specializing in blockchain governance, announced plans to acquire Boardroom, a platform designed for protocol-agnostic governance and management. The acquisition aims to accelerate the development of a scalable governance infrastructure for Ethereum-based protocols. Aagora is committed to transparency and scalability by keeping its code fully open source and ensuring accessible and effective governance solutions.
Boardroom was the first to enter the decentralized autonomous organization (DAO) tools space, setting a high standard for governance solutions. Covering over 300 protocols and tracking over 2 million delegates via application programming interfaces (APIs), Boardroom’s Newsfeed and APIs have become an essential resource for wallets and delegates within the ecosystem. Aagora plans to build on this strong foundation to further strengthen its governance capabilities.
Following the acquisition, Aagora emphasized that the existing Boardroom product will remain unchanged and will ensure uninterrupted service. Boardroom is integrated as a module within the wider Agora ecosystem. Aagora values diversity in governance tools and client solutions, recognizing that each protocol and community has different requirements. Aagora aims to effectively address these diverse needs, whether through its own products or collaboration with ecosystem partners.
In line with our commitment to open source development, Aagora continues to contribute to the OpenZeppelin common standard, strengthening our belief in the power of collaborative innovation. Encouraging partners to build on each other’s work has been a driving force in the evolution of governance and will remain core to Aagora’s approach to improving decentralized decision-making.
Additionally, Kevin Nielsen will join Aagora as an advisor. His expertise and industry experience are expected to play a critical role in advancing open source governance initiatives and supporting the company’s long-term vision.
What is agora?
Launched in March of last year, Agora is redefining the effectiveness of collectively governed protocols by establishing a new standard for governance tools. Services offered range from governor contracts to ballot applications and extend further. Agora has garnered support from independent developers, governance tool teams, and startups aligned with its mission. These contributors actively participated in the repository and leveraged the API, collectively generating over 13 million requests.
In May 2024, Agora secured $5 million in funding through a round led by Haun Ventures, with additional investments from Seed Club Ventures, Coinbase Ventures, and Consensys Ventures. This funding complemented a backstop grant awarded by the Optimism Foundation in recognition of Agora’s initial commitment to building a Retroactive Public Goods Fund (RPGF). Financial support strengthens Agora’s ability to maintain the full MIT licensing framework and expand its impact. Additionally, the platform continues to receive support from the community by leveraging governance solutions including Uniswap, ENS, Lyra, and Nouns.
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About the author
As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
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Alyssa Davidson
As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
more articles