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Gnosis Chain

GNO

  • SideChain
  • Infra
Established Year
2018
Operating Status
Active
Ecosystem
Ethereum
Gnosis Chain is a EVM blockchain designed for fast and inexpensive transactions. It uses a unique dual-token model; xDai is a stable token used for transactions, payments, and fees, and GNO provides Proof of Stake protection with the consensus-layer Gnosis Beacon Chain. In December 2021, xDai and Gnosis merged, and xDai Chain changed its name to Gnosis Chain.

Organisation

Subsidiary

Financial Portfolio

Funding

Seed
3 Investors
$500 K

Investment

Kinetex Network
Kinetex Network
Strategic
N/A
Fileverse
Fileverse
Pre-Seed
Lead Investor
$1.5 M
WalletConnect
WalletConnect
N/A
$12.5 M

Frequently Asked Questions

What Is Gnosis (GNO)?

Gnosis (GNO) builds decentralized infrastructure on [Ethereum](https://www.coinlive.com/coin/ethereum). Its mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. Gnosis Safe, for example, was born of necessity. Gnosis operates as a [decentralized autonomous organization](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao) (DAO) which provides infrastructure for various types of decentralized applications ([dApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)), and builds products to transparently guide decisions on the development, support and governance of its ecosystem. In November 2021, both the [xDAI](https://www.coinlive.com/coin/xdaistable) and GnosisDAO community voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner-companion that addresses scaling issues through solid engineering.