PrimeDAO raises $2M to build cooperative platform for DAOs
PrimeDAO has raised $2 million from DeFi funds that share its vision for a collaborative platform enabling cooperation between decentralized autonomous organizations. PrimeDAO, a project seeking to facilitate greater coordination and cooperation between decentralized autonomous organizations (DAOs) in the DeFi sector, has secured $2 million in seed funding.According to an announcement shared with Cointelegraph, the round featured participation from notable DeFi investment funds including Signum Capital, LD Capital and Stacker Ventures.The funds will be used to develop the “DAO2DAO” (D2D)....
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In a recent report, a project known as PrimeDAO is planning to launch a platform where many DAOs in the DeFi sector can meet for greater cooperation and coordination. DAOs are becoming an integral part of the crypto industry. These organizations serve many purposes such as fundraising, investments, buying NFTs, Charity,gog or Borrowing. All these […]
.bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one year after the startup’s launch, was from CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ.
.bit’s open-source blockchain protocol will provide permissionless decentralized identification for individual users and DAOs. Over the past 12 months, the project’s user and developer communities have experienced strong growth. Almost 100 mainstream wallets and dApps have already integrated with .bit and....
DAO: Decentralized. Autonomous. Organization.The whole phrase is a misnomer. Theyre not decentralized, not autonomous and they are not organizations, Monsterplay blockchain consultancy founder David Freuden tells Magazine.Freuden co-authored a 51-page report on DAOs in May 2020 in an attempt to help realize their potential.We need DAOs, he explains. The idea of shareholder first is only a 1980s/1990s concept. Companies became about profits, not products.He foresaw big things for DAOs and much has changed nearly two years later. By the end of 2021, DAOs had more than 1.6 million....
Can DAOs be the future of social interaction? Dapper Labs could be thinking so, as the platform has acquired startup Brud to jump-start the company’s new business unit around DAOs. The new business unit will be titled ‘Dapper Collectives,’ and will focus primarily on building out DAOs on Flow. Details were released on Dapper’s Medium […]
In 1602, the Dutch East India Company was formed in what many consider the worlds first initial public offering allowing perfect strangers to share in stock ownership. Four centuries later, the joint-stock model especially its incarnation as the modern business corporation sets the pace for much of the economic world.But, decentralized autonomous organizations, or DAOs, could soon disrupt the joint-stock capitalized business model, much as the Dutch East India supplanted the limited partnerships of its day or so some may say.DAOs are the new limited liability companies (LLCs), says DAO....