On January 27, DAO Founder Yury Lifshits has announced that Superdao raised $10.5 million to assist people to form decentralized autonomous organizations (DAOs) less difficultly, in a funding round driven by VC firm SignalFire.

The all-in-one DAO platform, established in October 2021, has hit a valuation of $160 million after the seed round, Lifshits said. It has raised $11.5 million to date to power software that makes and helps run DAOs.

“We want to help form DAOs and operate DAOs in a simpler way,” Lifshits said. “We want to help launch millions of DAOs and become ‘the Shopify for DAOs.’ It’s hard to launch an online store, and Shopify made an all-in-one place with an easy-to-use guide and template. We want to provide a [similar] template so a non-technical person can run a DAO, too.”

Investors incorporate Alliance, DIGITAL, One Block Capital, Fika Ventures, Pear Ventures, just as pre-seed financial backers Shima Capital and Fifty Years. Originators from 1inch, Protocol Labs, Mercury, Golden, and Request Network, just as item pioneers from Coinbase, OpenSea, Rainbow, Kraken, and Telegram likewise joined the funding round.

The platform aims to assist users or organizations with making DAOs with just "one click." It's presently in private beta, with plans to send off an open beta in a little while.

There's no timeline for the third stage - opening to the general public - yet. The organization intends to tap the subsidizing to develop its client base and work out extra items.

There are around 10,000 to 20,000 operating DAOs around the world. However, Superdao expects dependent upon 1,000,000 new DAOs being made before the end of 2022 - on the off chance that makers have the right instruments.

“A lot of people want to start a DAO but what prevents them is the bad infrastructure,” Lifshits said. “We’re trying to fix that.”

“DAOs are communities with shared bank accounts,” he added. Lifshits said Superdao, as a single tick stage for DAO creation, will include a member directory, tools for NFT and token airdrops, a depository dashboard, a taskboard, and contributor compensation. He added that the stage will likewise incorporate an amassed news source for DAO part refreshes and a commercial center for DAO disclosure. It means to consolidate components of Collab Land, Gnosis Safe, DeepDAO, and Snapshot, which DAOs at present use to perform their everyday functions.

Joyashree Dey

CBW - External Analyst

INDIA