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
| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| Very High | 1.35x | 37 | ||
| Very High | 8.28x | 32 | ||
| Medium | 0.41x | 8 |