Los Angeles, CA, twelfth October, 2022, Chainwire
- DeSo, a brand new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, simply launched DAODAO, a breakthrough cross-chain fundraising platform.
- DAODAO permits entrepreneurs to launch fundraising rounds with cash instantly tradeable on an on-chain order-book trade.
- Founders can elevate capital with any foreign money, together with fiat money, Bitcoin, Ethereum, Solana, DeSo, and USDC, and money out on to USDC.
- Founders also can entry on-chain social options similar to on-chain end-to-end encrypted messaging & group chats, on-chain profiles, on-chain content material, and an on-chain social graph.
At present, the fundraising course of for founders is highly-centralized, with a handful of elite enterprise capitalists controlling who will get funded and who doesn’t. As well as, founders should sometimes wait ten years or extra for his or her firm to “go public” and grow to be traded on a liquid trade. However that might quickly change as blockchains like DeSo allow founders to boost cash from hundreds of thousands of Bitcoin, Ethereum, and Solana customers with simply the clicking of a button.
A brand new app referred to as DAODAO is launching at the moment on the forefront of this disruptive pattern. Constructed on the DeSo blockchain, backed by Coinbase, Sequoia, Andreessen Horowitz, and others, DAODAO permits any Bitcoin, Ethereum, or Solana consumer to put money into promising founders earlier than they go to pitch enterprise capitalists.
For founders, organising a fundraiser on DAODAO is as straightforward as making a social media account. Funds are robotically transformed to USD, and founders can money out seamlessly to USDC anytime.
Nevertheless, essentially the most fascinating part of DAODAO is that founders may give contributors a liquid token with their buy, which may instantly commerce on DeSo’s decentralized on-chain gas-less order-book trade.
Such a breakthrough raises the query of whether or not the normal fundraising mannequin of ready ten years for a corporation to commerce on the open market might now be out of date.
“DeSo is the one blockchain that might assist one thing like DAODAO at the moment,” says Arash Ghaemi, Development Advertising and marketing Lead at DeSo. “DeSo’s latest USDC integration and the MegaSwap swapping facility to transform crypto into USD have been each essential, and no different chain has each. On high of that, DeSo’s order-book trade is the quickest on the planet, able to performing 40,000 matches per second,” he continues.
DeSo can be able to supporting distinctive social options leveraged by DAODAO, together with on-chain profiles and an on-chain social graph. “It prices about $75 to retailer a 200-character Tweet on Ethereum and about fifteen cents to retailer it on Solana, Avalanche, or Polygon. In distinction, DeSo is one ten-thousandth of a cent, making it the primary blockchain able to disrupting storage-heavy functions like social fundraising. It truly is the Social Layer for all web3,” Founding father of DeSo Nader Al-Naji provides.
That is the most recent in a latest string of successes for DeSo. The platform listed on Coinbase earlier this yr introduced a groundbreaking MetaMask integration final week that has brought on a big worth surge, and plenty of new social apps like Diamond, a web3 social community constructed on DeSo, have launched and are rising quickly with a latest surge in consumer numbers.
Lately, the platform introduced a USDC integration that has attracted many new builders to the ecosystem, together with DAODAO.
With the launch of DAODAO, DeSo’s true disruptive energy turns into obvious. It’s a platform that may disrupt social media and the trillion-dollar early-stage financing market.
About DeSo Basis
DeSo is a brand new layer-1 blockchain constructed from the bottom as much as decentralize social media and scale storage-heavy functions to billions of customers. They raised $200 million and are backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winkelvoss Capital, Pantera, and others.
$DESO, the native foreign money of the DeSo blockchain, is listed on Coinbase.
Development Advertising and marketing Lead
!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n; n.push=n;n.loaded=!0;n.version='2.0';n.agent="dvpixelcaffeinewordpress";n.queue=;t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e);s.parentNode.insertBefore(t,s)(window, document,'script','https://connect.facebook.net/en_US/fbevents.js'); var aepc_pixel = "pixel_id":"282250542526871","user":,"enable_advanced_events":"yes","fire_delay":"0", aepc_pixel_args = , aepc_extend_args = function( args ) if ( typeof args === 'undefined' ) args = ; for(var key in aepc_pixel_args) args[key] = aepc_pixel_args[key]; return args; ; // Extend args if ( 'yes' === aepc_pixel.enable_advanced_events ) aepc_pixel_args.language = navigator.language; if ( document.referrer.indexOf( document.domain ) < 0 ) aepc_pixel_args.referrer = document.referrer; fbq('init', '282250542526871', aepc_pixel.user); setTimeout( function() fbq('track', "PageView", aepc_pixel_args); , aepc_pixel.fire_delay * 1000 );