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The mission of Gnosis focuses on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When the platform was established in 2015, it specialized in building prediction markets to streamline global access to information. During the creation of the prediction market platform, Gnosis put plans in motion to build the infrastructure required to support it.
In November 2021, the xDAI and GnosisDAO community voted to meld their ecosystems to create the Gnosis Chain. The chain is an EVM-compatible, community-owned network. It utilizes the xDai token and includes a group of projects and users. It uses the same execution layer and consensus layer clients as Ethereum.
As a DAO, Gnosis utilizes the products it creates to guide decisions on the development, support, and governance of its ecosystem. Products incubated by Gnosis include the following:
- Gnosis Safe (multisig and programmable account)
- Cow Protocol (formerly CowSwap and Gnosis Protocol)
- Conditional Tokens (prediction markets)
- Gnosis Auction
- Zodiac (standard and tooling for composable DAOs)
On April 24, 2017, Gnosis concluded its initial coin offering (ICO), selling approximately $12.5 million worth of Gnosis (GNO) cryptocurrency.