The XRP Ledger (XRPL) is set for a major governance overhaul with the confirmation of a Decentralized Autonomous Organization (DAO).
Collaborative efforts between XRPL Labs, XRPL Commons, Ripple, and Wave of Innovation have paved the way for this transformation.
The new DAO structure will decentralize decision-making processes and enhance community participation.
The DAO will have a fully independent board of directors, specialized committees, and aims to recognize and formalize the contributions of community members.