Tim Draper, a billionaire investor, has invested in Aragon network and bought 1 million ANT Tokens and holds around 2.5% of the total token supply. Aragon Network is a startup based on blockchain that aims to facilitate the establishment and management of Decentralized Autonomous Organizations (DAOs) and tries to create the first digital jurisdiction. Aragon is ready to decentralize power with the creation of blockchain-based court system to help community members to get rid of disputes.
In a recent talk with the media, the executive director of Aragon Associate Luis Cuende expressed his views and that Tim Draper’s decision was propelled by “the recent launch of Aragon Court and the realization that Aragon can be to governance what bitcoin is to money.” Besides, Luis Cuende said that Draper is going to become an advisory board member of Aragon.
What is Aragon?
Aragon is a blockchain-based startup for the creation and management of DAOs. It is establishing jurisdiction under the first digital court for settling the disputes arising while operating in a world focused on decentralized organizations.
Aragon provides participants across the world with interaction through decentralized organizations and strives for working towards a common goal, decision making, and governance with a voting process. Moreover, it sets disputes in the same way as courts do.
Tim Draper is a supporter of Bitcoin and blockchain technology and has made numerous Bitcoin predictions that have become headlines. He also bought a significant amount of Bitcoin from the auction of the Silk Road dark web market by the US government.
Furthermore, the digital court system introduced by Aragon is live on its mainnet, and participants can vote or act as jurors to find a solution to disputes with the help of ANT token or DAI, a coin by MakerDAO. Also, Aragon has described its vision and published a manifesto.
The Director Developer Relations of ETC Cooperative and developer of Ethereum Classic, Yaz Khoury was taken as an example during the test mock trial and testing of the Aragon platform.