© Reuters. Maker Foundation to Shut Down in the Next Few Months
  • Maker Foundation to shut down in the next few months
  • MakerDAO has taken over control of the Ethereum-based Maker protocol.

Apparently, Maker Foundation has announced that it will be shutting down in the next few months. Specifically, the Maker Foundation is turning over operations entirely to its decentralized autonomous organization (DAO), MakerDAO.

Therefore, MakerDAO has moved to full decentralization. More so, MakerDAO is taking over control of the Ethereum-based Maker protocol and its associated cryptocurrencies, MKR and DAI.

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