Element Establishes ELE DAO and Announces Governance Token $ELE

NFT marketplace Element tweeted that the Element product team reached the agreement with the community to jointly initiate and establish ELE DAO, in order to better promote Element's product development plan and economic model. ELE DAO will further practice the transition from centralized management to true community-based governance. At the same time, ELE DAO decided to officially name the Element Governance Token as $ELE.