Gnosis Price Prediction: Is GNO Coin a Good Investment in 2024?

Gnosis is an Ethereum-based project that has been founded in 2015 and initially specialized in prediction markets (also known as information markets), with a mission to enable worldwide access to quality information. However, the project’s team quickly realized that they needed to build the infrastructure to support this initial idea, so they experimented and branched out to develop such infrastructure, all the while keeping up the work in prediction markets.

As of 2023, there are a number of products incubated by Gnosis and used by Gnosis DAO to transparently guide decisions on the development, support, and governance of its ecosystem. They include:

• Gnosis Safe (multisig and programmable account);
• Cow Protocol (formerly CowSwap and Gnosis Protocol);
• Conditional Tokens (prediction markets);
• Gnosis Auction, and Zodiac (standard and tooling for composable DAOs).

Recently, Cow Protocol spun off, which, as well as the formation of Safe DAO, proves that Gnosis has cultivated an environment conducive to innovation by combining needs-driven development with deep technical expertise. The infrastructural projects listed above make up a noticeable part of the Ethereum-based crypto infrastructure.

In November 2021, both Gnosis and xDai communities voted to create Gnosis Chain which combines their vibrant ecosystems. Gnosis Chain is an EVM compatible, community owned network that prioritizes credible neutrality and resiliency, open to everyone without privilege or prejudice. 

There are more than 100,000 validators securing Gnosis Chain. It’s constantly evolving: the chain already has all the familiar tools, and will add more functionality in the future, such as bridging. The chain shares execution and consensus layers with Ethereum, which ensures that it’s compatible with all future ETH developments and EIPs.