Friday, June 2, 2023

BitDAO Funds Innovative DAOs


BitDAO has launched a $633 million fundraising round for various projects in the blockchain ecosystem. It will fund blockchain games, infrastructure, and educational initiatives.

They refer to themselves as “builders” on Twitter BitDAO. They want people to join them in their DAO in order to help shape the future of finance with the BitDAO community.

Furthermore, members of the community invited to submit recommendations that have a direct influence on DAO voting. It will also include governance, actions with Treasury assets, BitDAO product uptake, and BitDAO enhancements.

The three initiatives highlighted in the support tweet combine various aspects of blockchain to help the overall ecosystem develop.

Top Three DAOs Get Funding From BitDAO


zkDAO is a $200 million accelerator that funds and grants projects that are part of the zkSync ecosystem.

Ecosystem education, research, and security will all be supported by the DAO. ZK Rollups with universal processing capabilities frequently regarded as critical to Ethereum’s endgame. Leading researchers, on the other hand, thought we’d be a long time coming, but they’ve already released the first EVM-compatible ZK Rollup on the public testnet.


EduDAO invests in university environments to help tomorrow’s innovators. They envision a future of collaboration and community rather than fragmented university environments.

To stimulate knowledge exchange and blockchain innovation, the EduDAO model would initially distribute $11 million per year to eight top university organizations. Each university group will function independently, managing budgets to give students and teachers creative freedom.

EduDAO attempts to expand the reach of university groups. It is something that promotes global collaboration and knowledge exchange while also enabling blockchain innovation through finance.


Game7 is the last but not least in terms of funding. It’s a group of people who have come together to help the blockchain gaming business grow by providing grants, education, and strategic initiatives.

Additionally, Game7, a $500 million decentralized autonomous organization (DAO), accelerates the blockchain ecosystem. Forte, Alameda Research, Mirana Ventures, and Warner Music Group are among the other investors in Game7. Companies involve Aleo, Avalanche, Interchain Foundation, Offchain Labs, OP Games, Polygon Studios, and Solana Ventures. It was proposed by Forte Labs and Magnus.

They’re busy allocating and building the blockchain ecosystem with over $2 billion in the Treasury Balance. BIT Token holders own and run BitDAO. BitDAO intends to empower decentralized economy builders and demonstrate the potential of DAOs. It’s a public forum where BIT token holders can vote on proposals. It is unconcerned about chains or projects.

This week, BitDAO also announced a partnership with Encode Club, in which BitDAO would support a four-week DAO Hackathon. Through a series of workshops, it assists hackers in learning about blockchain and DAOS.

Mary Santos
Mary Santos
Mary Santos has a degree in economics and after a successful career as an investment analyst, she found an interest in Cryptocurrency. Mary enjoys finding the latest scoop on crypto news.

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