River, an on-chain encrypted messaging protocol, has acquired Llama, a smart contracts platform for decentralized governance. The acquisition will allow River to strengthen its governance mechanisms by integrating Llama's smart contracts technology into its platforms. This will enable stakeholders to submit proposals and participate in transparent voting for protocol changes. River aims to transform the messaging app market and sees massive potential for private and monetizable group chats. The acquisition of Llama will help River establish fully on-chain DAOs with treasury systems, allowing communities to govern themselves and allocate funds.



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