Coinbase-Backed DeSo Launches DAODAO, Could Disrupt VCs

DeSo, a new blockchain backed by Coinbase, Sequoia Capital, and Andreessen Horowitz for a total of $200 million, has unveiled DAODAO, a groundbreaking cross-chain fundraising platform. With DAODAO, startups can begin funding rounds using tokens that are instantly tradable on an on-chain order book exchange.

Timeline of Deso

Los Angeles, CA, 11th October, 2022, Chainwire Takeaways: DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, just launched decentralized on-chain end-to-end encrypted group chats, a first-of-its-kind innovation. On-chain messages are resistant to censorship and can be used pseudonymously without supplying personal information, just like Bitcoin or Ethereum.

Today, content is hosted on centralized platforms like Twitter, TikTok, or Instagram. Many thought leaders like Elon Musk and even Twitter founder Jack Dorsey call for an alternative.

A social media-focused altcoin is surging this week after the announcement of a new partnership with the popular crypto wallet MetaMask. Decentralized social media platform Decentralized Social (DESO) rallied to a weekly high of $11 today, marking a 102% increase from its seven-day low of $5.

DeSo, the new blockchain-backed by Coinbase, Sequoia, and Andreessen Horowitz, has announced its integration with MetaMask. As a result, millions of Ethereum users can now enjoy one-click access to encrypted on-chain messaging and a full Twitter-like feature set.

May 3, 2022 – Los Angeles, California The decentralized social media race is just starting to heat up. Elon Musk finalized his purchase of Twitter, and now everyone is wondering how long it will take for him to make it Web 3.0. While Elon could face an uphill battle considering the Twitter employee backlash, there's The post Decentralized Web 3.0 LinkedIn Competitor Launches on DeSo appeared first on The Daily Hodl.