XDAO closes $2.3 million seed round

On November 26th, XDAO announced that it had raised a $2.3 million seed round. XDAO is a Singapore-based firm that develops and manages tools for creating Decentralized Autonomous Organizations (DAOs).

Investors like Hello Telos, PANONY Group, Grizzly Capital, Afford Capital, YellowRocksVC, Crypto Global Utd, DwfLabs, and CSP DAP participated in this token round, including blockchain backers such as Polygon(Matic), Near Protocol(NEAR), TRON (TRN), BNB CHAIN (BNB), and Astar Network (ASTR).

The DAO, a creation tool developed by Singapore-based XDAO, enables users to deposit their cryptocurrencies and other digital assets in the DAO. It also allows users to participate in voting and interacting with the DeFi protocol directly, which is operated by DAO.

XDAO is a platform for creating and managing Decentralized Autonomous Organizations(DAO). Unitedly they manage digital assets in an attempt to overcome all middlemen in the transactions. XDAO has mentioned Hedge Funds, Gaming Guilds, NFT Funds, and Venture Investments as their future DAO projects using their own tools.