July 20, 2024
The Manta Foundation declared its strategic investment in dappOS, a triumphant contender in their first-ever $50 million EcoFund. They have become part of an esteemed roster of investors that includes Nomad Capital, Flow Traders, IDG Capital Vietnam, IOBC Capital, NGC Ventures, Amber Group, Waterdrip Fund, Satoshi Lab, UpHonest Capital, Bing Ventures, Spark Capital, Web3Port, Metalpha, and others.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
DappOS | $50M | July 20, 2024 | Strategic Investment | Manta Foundation | Web3 |
The Manta Foundation applauds the dappOS team for their dedication and aspirations up to this point. The aim of their investment is to bolster the team's journey towards attaining even more success.
The Manta Foundation has intentionally chosen to invest in dappOS, recognizing its vital role in the success of the Manta Network. It's worth noting that the Manta Network boasts a total value locked of approximately $85 million and a stablecoins market cap close to $14.04 million. The Manta Network hosts several decentralized financial (DeFi) protocols, including LayerBank lending, Quickswap V3, Uniswap V4, and Manta CeDeFi, to name a few.
In the past, dappOS has contributed to the Manta Network by reducing the obstacles for new users to join, primarily through lower fees. The Manta Foundation is eager to see dappOS continue to grow and lead within the infrastructure ecosystem on Manta Pacific. They urge the community to back dappOS in its quest to enable decentralized infrastructure and applications to be more intent-centric.
About dappOS
dappOS is a Web3 Operating Protocol. It has been designed to transform intents into on-chain outcomes, thereby empowering decentralized infrastructure and applications to be intent-centric. dappOS leverages OMS to ensure that every intent is executed accurately, efficiently, and safely.
The platform is home to a variety of decentralized financial (DeFi) protocols, including LayerBank lending, Quickswap V3, Uniswap V4, and Manta CeDeFi, among others. It has been instrumental in lowering the barrier to onboarding new users by offering lower fees
Website: https://dappos.com
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About Investor
Investor: Manta Foundation
The Manta Foundation is an organization that has launched a $50 million EcoFund to stimulate the growth of the Manta Network ecosystem. This fund is designed to invest in native applications and technology partners, fostering innovation and development. The EcoFund will provide essential resources to promising native applications and technology partners building on the Manta Network. This will empower them to develop groundbreaking solutions that leverage Manta’s L2.
The Manta Foundation welcomes talented teams and promising projects to apply for funding through the EcoFund and Grants program. They aim to build a thriving Manta ecosystem that empowers users and unlocks the full potential of blockchain technology.
Location: Santa Cruz, California
Website: https://foundation.manta.network/
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