Solana's Realms Governance Center Undergoes Management Shift

According to PANews, Solana's governance hub, Realms, is transitioning to new management under an entity named 'Realms Today Trust.' This move marks its separation from Solana Labs, with the new leadership aiming for profitability. Dean Pappas, a long-term contributor to Realms and one of the four leaders of the new entity, emphasized the need to develop profitable services to sustain operations. Pappas assured that the new mission would not affect the public products relied upon by numerous Solana-based DAOs. Governance tools that empower token holders with a voice in project operations will remain free, but new features will not be complimentary. Realms is introducing crypto consulting services to assist DAOs in establishing their governance structures. The company will offer a registration hotline to help create legal structures and bank accounts, along with providing a credit card for spending crypto funds. Additionally, Realms plans to offer $200,000 in grants to support emerging DAOs on Solana, though Pappas did not disclose the source of these funds. The Realms team currently consists of 12 full-time employees and plans to expand further. They aim to build more front-end interfaces for various tokenized governance use cases, moving away from the current one-size-fits-all approach. Some elements of Solana's SPL token governance standard may also change. The codebase is open-source and accessible to anyone, and Realms plans to fork it as a step towards building new features.