The NEAR Foundation will improve the grant process through the DAO and stop directly allocating funds from the inbound grant program

ChainCatcher news, the NEAR Foundation announced that it is refining its grant process, which will include a more decentralized capital allocation model through DAO grants. Initially, this will involve DeveloperDAO, MarketingDAO, CreativesDAO, and an additional DAO that will begin to form in the first quarter of 2023.

The NEAR Foundation will stop directly allocating funds from the inbound launch grant program, with the exception of current grants, which will be transferred to MarketingDAO once it is established. Additionally, it is expected to take 6-8 weeks to collaborate with community members to outline a clear application process for funding through the DAO. (source link)