Terraform Labs is creating infrastructure to build DAOs on Terra 2.0
The Terra collapse triggered a $2 trillion crypto crash earlier this year.
Terra's Official Twitter account post, a newly created account, and a bio that reads "Building a new standard for DAO on Terra"
A source close to the matter, granted anonymity to discuss private business matters Enterprise Protocol is intended as a new standard infrastructure to build DAOs on Terra.
Terra's LUNA token and UST algorithmic Stablecoin erasing approx $30 billion from the Terra ecosystem,
Behmoth Crypto hedge fund Three Arrows Capital a lead investor in LUNA was decimated A crypto credit crisis ensued sending digital asset lenders Celsius and Voyager Digital into bankruptcy.
On May 28 Terra migrated to a new chain dubbed Terra 2.0 leaving the UST Stablecoin behind.
Terra's CEO Do Kwon known to deride LUNA skeptics as poor has stayed mostly quiet this summer. in a rare tweet, he signaled his support for the developers creating the Terra 2.0 ecosystem Let's leave them alone to build.
Terra also followed the Entropic labs on Twitter on Friday a decentralized and secure on-chain randomness source now deployed on Terra.
Hello #LUNAtics and builders!— Entropic Labs (@Entropic_Labs) July 29, 2022
Announcing the Entropy Beacon, a decentralized and secure on-chain randomness source!
Live right now on @terra_money, check it out: https://t.co/M9KwgrA4h3
What, and why? A thread
The Enterprise Protocol launch will test whether Terra's builders can rescue the ecosystem's sullied reputation