SuperDAO Raised $10M To Build All-In-One DAO Platform

SuperDAO raised $10 million to build an all-in-one DAO platform and make it easier for the online communities to build and launch DAOs so let’s read more in today’s latest cryptocurrency news.

Starting and operating a DAO requires connecting dozens of single-feature solutions so SuperDAO wants to change that. This is why SuprDAO raised $10 million in a funding round led by VC firm SignalFire to help achieve the goal of creating an all-in-one DAO protocol. Decentralized autonomous organizations or DAOs are a good way to build Web3 startups, investment groups, and metaverse projects. Over the past year, DAOs went mainstream thanks to groups like ConstitutionDAO that raised a huge amount of money in a short amount of time but also maybe even more importantly, awareness.

1/ Launch day 🎉 Superdao has raised $10.5M at $160M valuation to make it absurdly easy to start and operate DAOs.

Here’s why we are building an all-in-one DAO platform

Thread👇 pic.twitter.com/7UJAIDey8J

— Superdao 🦸 (@superdao_co) January 26, 2022

Setting up a DAO is a complicated process. Founded in 2021, SuperDAO aims to grow the DAO economy that will bring a better infrastructure according to the founder Yury Lifshits:

“That’s why we’re about to launch Superdao, the all-in-one platform that makes it easy to start and run a DAO.”

Building communities is the main goal for Lifshits as he previously co-founded and launched the OpenLand messenger app. He says that he was inspired by the potential of DAOs and NFTs, tokens that can represent ownership over the digital items, and decided to build the next generation of online communities:

“DAOs are communities with shared bank accounts.”

Lifshits said that SuperDAO is a one-click platform for DAO creation that will feature a member directory and tools for NFT and token airdrops as well as a dashboard and taskboard. He added that the new platform will include an aggregated news feed for DAO member updates and a marketplace for DAO discovery. It aims to combine elements of Collab Land, Gnosis, DeepDAO which DAOs use to perform their day-to-day functions. Superdao joins a list of projects aiming to make the process of launching DAOs as simple as possible. Other projects such as Aragon, DaoStack, Moralis, and more, offer solutions for groups and individuals to launch a DAO.

While ADOs have seen the value of the treasuries fluctuate with the rest of the market at the start of 2022, the ecosystem still has a combined value of $8.3 billion as per the DAO analytics site DeepDAO.