dao5
DAO5 is an experimental cryptocurrency investment fund that will be converted into a decentralized autonomous organization. Upon conversion, DAO5 tokens will be minted and issued to the fund's investment team, advisory board, and portfolio company founders. The legal entities that comprise the fund will be dissolved, and the general partner's assets will be migrated to an on-chain treasury owned and governed by DAO5 tokenholders in perpetuity.
News Heat Trend
Related news
Cancore Raises $7.2 Million in Seed Funding at a $60 Million Valuation
Cancore raises $7.2 million in a seed round at a $60 million token valuation, led by Paper Ventures and DAO5.
Paper
Cancore Completes $7.2 Million Seed Round with Participation from Paper Ventures and Others
Cancore, a cross-chain trading platform built on the Canton network, has completed a $7.2 million seed round. The round was conducted through Simple Agreements for Future Tokens (SAFT), corresponding to a fully diluted valuation (FDV) of $60 million for its planned CNRX token.The round was participated in by Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk, with Paper Ventures and dao5 receiving the largest allocations. Wasif Rashid, co-founder and CEO of Cancore, said the company began engaging with investors in June this year, officially launched fundraising in July, and closed the round in mid-September. (The Block)
Block
Future
June
Paper
Proof
The Block