The Decentralized Autonomous Organization (“The DAO”) is going to start reviewing and voting on proposals this week to fund a new generation of blockchain technologies, adding that Peerplays is next in line for consideration.



The DAO’s crowdfunding drive that ended on May 28 has broken all records, raising over $130 million in Ethereum cryptocurrency tokens. The DAO leverages smart contracts on the Ethereum blockchain to enable anyone, anywhere in the world to create their own autonomous organization. It aims to back proposals which it selects for their innovative nature.



Peerplays, an online gaming and wagering platform, uses open-source blockchain technology to prove fair play at casino card games, and offers a solution to eliminate fraud in an industry where players lose an estimated $100 million a year to cheaters.



Rather than a DAO, Peerplays is called a DAC ( “C” stands for “co-op”), as besides stakeholder voting, it also distributes a percentage of its fees to members through an automatic profit-sharing payout program. BunkerChain Labs, the blockchain solutions consultant for Peerplays, has recently launched a public crowdfund and published a proposal offering 5% of the total Peerplays stake to the DAO.



“Peerplays is a cousin to the DAO, and has many shared interests”, said Jonathan Baha’i, president of BunkerChain Labs, “And since the DAO is built on Ethereum, and Peerplays will support Ethereum as a wagering instrument, it made a lot of sense for us to offer The DAO a stake in Peerplays.”



The development team at Peerplays has worked extensively with other decentralized autonomous organizations in the past, and is hopeful that they might set the example for others who are seeking funding through the newly formed Ethereum-based “DAO” project.



“Being part of a decentralized autonomous organization is never easy, it takes patience and commitment to the process of building a better world,” said Fabian Schuh, advisor and developer for Peerplays, “Peerplays is building upon everything we have learned over the past 3 years, and we are excited to offer Ethereum DAO holders the opportunity to be a part of this project.”