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PartyDAO aims to provide users with a comprehensive environment to cooperate within Parties and engage with Ethereum dApps by implementing Soul-Bound Tokens (SBTs) and a crowdfunding mechanism. During the crowdfunding phase, users who wish to join a Party contribute a specific amount of $ETH and receive a unique SBT and governance weight for voting on which platform the Party should engage with.
On June 9, 2022, Party DAO, a Web3 startup, closed a $16.4M Seed funding round led by a16z, with participation from Dragonfly Capital, Uniswap Ventures, Compound Crypto, Standard Crypto, and others