Repost Admin
Los Angeles, CA, 12th October, 2022, Chainwire
Takeaways:
- DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, just launched DAODAO, a breakthrough cross-chain fundraising platform.
- DAODAO allows entrepreneurs to launch fundraising rounds with coins immediately tradeable on an on-chain order-book exchange.
- Founders can raise capital with any currency, including fiat cash, Bitcoin, Ethereum, Solana, DeSo, and USDC, and cash out directly to USDC.
- Founders can also access on-chain social features such as on-chain end-to-end encrypted messaging & group chats, on-chain profiles, on-chain content, and an on-chain social graph.
Today, the fundraising process for founders is highly-centralized, with a handful of elite venture capitalists controlling who gets funded and who doesn’t. In addition, founders must typically wait ten years or more for their company to “go public” and become traded on a liquid exchange. But that could soon change as blockchains like DeSo enable founders to raise money from millions of Bitcoin, Ethereum, and Solana users with just the click of a button.
A new app called DAODAO is launching today at the forefront of this disruptive trend. Built on the DeSo blockchain, backed by Coinbase, Sequoia, Andreessen Horowitz, and others, DAODA
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