March 28, 2024
dappOS, a decentralized intent execution network, has raised $15.3 million in Series A funding led by Polychain, valuing the company at $300 million. The funding round also included Nomad Capital, IDG, Flow Traders, and NGC investments. The funds will be used for further technology research and development.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Category |
dappOS | Mar 28, 2024 | $15.3M | Series A | $15.3M | Web3 |
dappOS aims to address scalability and availability challenges in the blockchain ecosystem through the Optimistic Minimum Staking (OMS) mechanism, which enhances interaction efficiency at a low cost. This mechanism allows tasks to be executed before results are verified, with penalties for failures ensuring either successful task completion or compensation.
dappOS operates in the intent-centric execution network space, creating a market where service nodes pledge collateral to offer various intent execution services. Developers are provided with infrastructure to generate intent tasks, meeting users’ needs for converting intents into on-chain results.
About dappOS:
dappOS is a system that manages crypto infrastructures on behalf of consumers. It leverages the Optimistic Minimum Staking mechanism to facilitate efficient and secure blockchain interactions. dappOS aims to bridge gaps within the fragmented blockchain ecosystem and provide streamlined workflows for new users.
Website: https://dappos.com/
X Account: https://x.com/dappos_com
X Followers today: 166,628
X Followers 30 days ago: 140,425
X Follower change: 26,203 (+18.66%)
About Investor
Investor: Polychain
Polychain is a venture capital firm focused on investing in blockchain-based digital assets. The firm supports projects that aim to advance the decentralized economy.
Location: United States
Website: https://polychain.capital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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