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Project Introduction
DappOS is an innovative intent execution network aimed at lowering the entry barrier to Web3 by simplifying user interaction with decentralized applications (dApps).
dappOS creates an intermediary layer that allows users to interact with dApps as easily as they would with Web2 applications. This intermediary layer abstracts the technical complexities of blockchain, allowing users to interact only with dappOS, while dappOS is responsible for interacting with the crypto dApp that users need to access and automatically executing workflows.
In simple terms: DappOS is a system that transforms user ideas into results on the blockchain, connecting service providers and developers to complete tasks.
The so-called 'intent asset' is a tool for automatically converting and managing assets across different chains, simplifying cross-chain operations and automatically generating profits.
Project Team Members
Ty Shen, the founder of DappOS, is the former CTO and co-founder of Alchemy Pay. He has also founded VR (Tsing Visual, acquired in 2016) and a profit-seeking application. Ty Shen graduated from Tsinghua University with a degree in mathematics and software development.
Project Financing
Isabella Yang is a co-founder of DappOS. She was previously a software engineer at Google, a general partner at HIG, and a Web3 angel investor. Isabella Yang received the Carnegie Mellon University AI Research Fellowship. Taylor Harris is the community lead for DappOS. DappOS Financing
DappOS has completed a total of 3 rounds of financing.
In November 2022, dappOS was selected for Binance Labs' fifth incubation program and received pre-seed funding from Binance Labs on June 20, 2023, although the specific funding amount has not been disclosed.
On July 21, 2023, dappOS completed a seed round financing at a valuation of $50 million, led by IDG Capital and Sequoia China, with participants including 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 Series A financing round of $15.3 million at 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.
Core Advantages of DappOS
1. Lowering User Barriers:
The biggest highlight of DappOS is that it allows ordinary users who are not familiar with blockchain to easily use dApps through smart management and simplified operations. For example, users no longer need to create complex wallet addresses or manually switch networks, as DappOS handles everything automatically, allowing users to focus on the application itself.
2. Supporting Multi-Chain Ecosystems:
DappOS is compatible with multiple public chain ecosystems (such as Ethereum, BSC, Polygon, etc.), achieving seamless cross-chain operations. This provides developers and users with greater flexibility to connect more blockchain resources.
3. A developer-friendly environment:
DappOS provides a rich set of development tools and SDKs, enabling developers to quickly adapt their applications to the platform, thereby accelerating the expansion of the entire ecosystem.
4. Business Model and Token Economics:
DappOS closely integrates users, developers, and ecological resources through an innovative token incentive mechanism, forming a closed-loop economic system. Users holding DappOS tokens can enjoy various benefits such as fee discounts, platform rewards, and participation in community governance.
▌What is the relationship between dappOS and Binance?
dappOS is a pioneer of intent-centric operation protocols. It was one of the 12 finalists in the 5th season of Binance Labs' incubation program in November 2022, beating out over 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 the exclusive review process of the Binance team, it attracts significant attention.
Quoting He Yi, co-founder of Binance and head of Binance Labs:
"Binance Labs has been actively looking for scalable and recession-resistant projects, which we believe are crucial for the development of the Web3 industry. Our incubation program aims to empower early Web3 founders to fully realize their potential, regardless of market conditions" (Source)
By creating the first intent-centered operation protocol, users will be able to build effective transactions based on intent rather than being transaction-specific. This concept has generated sufficient excitement, and dappOS recently completed a seed round financing led by IDG Capital and Sequoia China, following Binance Labs' completion of pre-seed financing.
▌What is the relationship between dappOS and Binance?
dappOS is a pioneer of intent-centric operation protocols. It was one of the 12 finalists in the 5th season of Binance Labs' incubation program in November 2022, beating out over 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 the exclusive review process of the Binance team, it attracts significant attention.
Quoting He Yi, co-founder of Binance and head of Binance Labs:
"Binance Labs has been actively looking for scalable and recession-resistant projects, which we believe are crucial for the development of the Web3 industry. Our incubation program aims to empower early Web3 founders to fully realize their potential, regardless of market conditions" (Source)
By creating the first intent-centered operation protocol, users will be able to build effective transactions based on intent rather than being transaction-specific. This concept has generated sufficient excitement, and dappOS recently completed a seed round financing led by IDG Capital and Sequoia China, following Binance Labs' completion of pre-seed financing.
Project 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 various ways, dappOS is overcoming two major barriers currently faced by the crypto industry.
dappOS seeks to quell the most obvious criticisms against Web3 adoption, addressing claims about how DApps provide complex user experiences while also resolving flaws caused by isolated blockchain networks. It's no wonder that Binance Labs has shown a strong interest in dappOS, which also has many supporters; the project is sure to stand out in the future market!
#dappOS launches spot trading based on its intent network
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