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What is the relationship between dappOS and Binance?
dappOS is a pioneer of intention-centered operation protocols. It was one of 12 finalists in the fifth season of Binance Labs' incubation program in November 2022, outperforming more than 900 other projects competing for exclusive elite project recognition from Binance.
Binance Labs is a leading global project launch platform and incubator with strict selection criteria. Therefore, when a project passes Binance's exclusive review process, it attracts attention.
DappOS financing information
dappOS has completed a total of 3 rounds of financing.
In November 2022, dappOS was selected for the fifth season of the Binance Labs incubation program and received Pre-Seed funding from Binance Labs on June 20, 2023, but the specific funding amount has not been disclosed.
On July 21, 2023, dappOS completed seed funding with a valuation of $50 million, led by IDG Capital and Sequoia China, with participation from OKX Ventures, HashKey Capital, KuCoin Ventures, TronDao, Gate Labs, Taihill Ventures, Symbolic Capital, Foresight Ventures, BlueRun Ventures, Mirana Ventures, Leland Ventures, and others.
On March 28, 2024, dappOS completed a $15.3 million Series A funding round with a valuation of $300 million, led by Polychain, with participation from Nomad Capital, IDG, Flow Traders, IOBC, NGC, Amber Group, Uphonest, Taihill, Waterdrip, Bing Ventures, Metalpha, Spark Digital Capital, Web3Port Foundation, and Satoshi Lab.
Introduction of dappOS founders
Nine major advantages of DappOS
1. Solving real pain points and providing a unique user experience: DappOS simplifies access to DApps by providing a user-friendly front-end interface that abstracts the technical complexity of blockchain while virtualizing different blockchain networks to connect isolated islands in the blockchain world, achieving interoperability of applications and assets.
2. Cross-chain operation protocol: DappOS does not rely on any single public chain ecosystem, providing open access to various mainstream chains and DApps, offering developers unprecedented freedom to quickly deploy and optimize products across multiple chains based on business needs.
3. Full-chain account abstraction: DappOS achieves full-chain abstraction, providing an open ecosystem that allows users to operate across different blockchains without needing to understand the complexities of each chain.
4. Recognition and support from top institutions: DappOS has received recognition and support from top institutions, providing strong endorsement for its development.
5. Unique positioning centered around 'intention': DappOS is centered around 'intention', helping to build a seamlessly connected Web3. This dual value of optimizing user experience and connecting blockchain ecosystems makes it one of the important innovations in blockchain infrastructure.
6. Innovative underlying mechanism design: The underlying mechanism of DappOS, OMS, is carefully designed specifically for intention scenarios. This mechanism greatly improves the efficiency of intention task execution while ensuring user security.
7. Rich application scenarios and first-mover advantages: DappOS's intention execution network already has several application scenarios, including unified accounts, intention assets, real-time DApp interactions, etc., which is rare in the potential explosive phase of the intention track.
8. Reducing user learning and usage costs: DappOS meets the urgent demand of users for simple and easy-to-use blockchain services, significantly reducing the learning and usage costs for users, providing a friendlier experience.
9. Industry and capital's pursuit: The current blockchain industry welcomes innovative solutions that explore better user experiences, and capital is closely monitoring this field, providing important development opportunities for innovative projects like DappOS.
These advantages place DappOS in an important position in the blockchain infrastructure field and are expected to play a greater role in the future Web3 ecosystem.
dappOS evaluation summary
The dappOS team is building something truly unique and urgently needed in the DApp space. By providing end-users with a user-friendly front-end interface and a seamless Web3 experience, while creating a supportive ecosystem for DApp builders to benefit in multiple ways, dappOS is simultaneously overcoming two major barriers currently facing the crypto industry.
dappOS strives to quell the most obvious criticisms of Web3 adoption, addressing claims about how DApps provide complex user experiences while also resolving flaws caused by isolated blockchain networks. No wonder Binance Labs has shown great interest in dappOS, and the project has many supporters, ensuring it will be exceptional in the future market!