What new projects has Orange DAO, with thousands of YC alumni, invested in?

Writing: FFFake   

DAO and Web3 ecosystem endowed investors with a new global standardized governance framework and financial infrastructure, thus making investment DAO show strong vitality and vitality. Today I'm going to share with you a very powerful "VC" investment DAO, Orange DAO, which was founded in October 2021 by Y Combinator alumni.

YC alumni reunion

YC is already a household name as one of the world's top accelerators, but when it comes to crypto, Coinbase, OpenSea and other top-stream platforms are all part of YC's portfolio.

The Orange DAO was formed in late 2021 by a few dozen YC alumni and has grown to more than 1,000. YC alumni status is the threshold for DAO membership. Orange DAO is not the YC founders' first foray into Web3. Back in 2017, hundreds of alumni created the Pioneer Fund to support Web3, a more traditional venture tool. In contrast, Orange DAO operates as a decentralized autonomous organization that uses blockchain technology to help multiple users make collective decisions.

Originally named "YC Crypto DAO, "Oranged DAO has evolved into its own brand, with a new name -- Orange DAO -- and a new mascot -- a bespectacled, pixelated citrus fruit nicknamed "Juicy Returns."

Orange DAO helps start-ups apply and, if accepted by YC, will provide funding and guide project founders to develop their projects, as well as help recruit talent and acquire clients.

Governance model and investment system of Orange DAO

Orange DAO gives full play to the advantages of Token governance, and makes detailed provisions on the issuance, distribution and use rules of governance tokens in the charter at the beginning of its establishment. As a "VC" investment DAO, Orange DAO also fully defines the complex relationship between DAO and fund in its charter.

Orange DAO Token and governance

Orange DAO issued a charter in October 2021, which made strict provisions on the token-based governance mode of Orange DAO.

Orange DAO Governance Tokens Orange has a total of 100 million, which have no value other than governance. In practice, major decisions such as committee membership, seasonal budget allocation, member remuneration, DAO charter modification and so on are voted on Snapshot by DAO members through ORANGE governance Token, and the default voting time for all proposals is 7 days.

The charter also mentions that Orange DAO has three committees, which are governance, development, and finance committees.

, & have spentBoard of Governance-- The governance committee ensures the integrity of the charter, proposal process, voting, and discussion. It resolves any conflicts of interest, ethical rules and disagreements. It is also responsible for the structure and maintenance of the DAO legal entity.

, & have spentCommittee on Development-- The Development Committee is responsible for overseeing the creation of documentation and maintenance of software, tools, and protection of DAO membership information.

, & have spentFinance Committee-- The Finance Committee secures the assets of the DAO and allocates ORANGE and manages the proposal process according to the wishes of its members. Members of the Finance Committee need to be in the DAO's oversigned wallet.

Each committee will consist of at least three DAO members. To ensure separation of powers, no member may serve on more than one committee during any term.

Relationship between Orange DAO and Fund

Orange DAO itself is not a fund. DAO currently invests as an LP of select funds that invest in early-stage cryptocurrency start-ups.

The following funds are currently in cooperation:

· YC Alumni S21 Index Fund

In support of Orange DAO's mission, the YC Alumni S21 Index Fund was established independently of the DAO and GP's plans, donating its entire 15% spread to DAO's finance department. Orange DAO members have made limited partner investments into this fund and will receive Token distributions in the form of Orange.

· Orange Crypto Fund I

The management of Orange Crypto Fund I, an independent cryptocurrency Fund, will receive a 2% management fee and a 20% interest spread. The fund management will swap 20% of the spread to DAO in exchange for 20 million ORANGE vesting over five years, or 4 million ORANGE annually. Orange Crypto Fund I can accept LP investments from anyone and can invest in any cryptocurrency-related company, NFTS, assets, Token offerings, and other opportunities.

· Future Fund

This is a future fund that Orange DAO intends to invest as a limited partner in favor of DAO on terms to be negotiated by the Finance Committee.

Orange DAO can also invest directly or indirectly by forming a new fund entity or co-investing. If DAOs invest through other funds, these funds must be managed independently by fund managers who can get advice and input from DAO members, committees, or processes. DAO and the general partners (GPS) of these funds can swap some or all of GP's commissions for ORANGE.

Orange DAO's investment project

Orange DAO is less than a year old and has collectively invested in 9 projects. Here are 7 of them.

LiquiFi

LiquiFi announced on April 21 that it had raised $5 million in seed funding, led by Dragonfly Capital. Nascent, Alliance, DAO, 6 th Man Ventures, Robot Ventures, Y Combinator and Orange DAO also participate in this round of financing, there are famous in the field of encryption monetary angels, Including Balaji Srinivasan, Katie Haun, Packy McCormick, Anthony Pompliano and Anthony Sassano.

Since launching last year, LiquiFi has gone live on Ethereum and Polygon, and has rapidly expanded to other chains, such as Solana and Terra.

LiquiFi's core product includes a dashboard where users can see what they are owed for their smart contracts and tokens. Tax compliance features are also provided.

Coinbooks

Coinbooks is a SAN Francisco-based accounting software startup founded in early 2022. Coinbooks' most recent funding round was completed in early March for $2.5 million, followed by a pre-investment of $700,000 in February for a total of $320. Investors and individuals include Y Combinator, Multicoin Capital, Lattice Capital, the founders of Polygon, Seed Club Ventures, and Orange DAO. With the funding, Coinbooks aims to build a stronger team, test product fit to the market and focus on scaling up. Coinbooks has also joined Y Combinator's Summer 2022 cohort.

Founded by 21-year-old founder and CEO Arnav Bathla, Coinbooks aims to change the way DAOs and cryptocurrency companies currently perform accounting. Coinbooks works by integrating with cryptocurrency wallets and existing accounting software so that cryptocurrency companies can centrally manage their cryptocurrency and non-cryptocurrency transactions in one place.

Coinbooks supports chains such as Solana, Avalanche, Ethereum, and others.

Decrypt

Founded in 2018, Decrypt is a cryptocurrency and decentralized web media company that has brought success to a large number of NFT brands active in fashion, entertainment, and real estate.

Decrypt successfully spun off from blockchain accelerator and incubator ConsenSys Mesh after raising $10 million in funding at a $50 million post-investment valuation. Funded by more than 20 investors, including Hack.VC, Hashkey Capital, Canvas Ventures, Protocol Labs, SK Group, Four DAOs (Global Coin Research DAO, Own.Fund, Honey DAO, and Orange DAO) and some strategic individuals.

zkxprotocol

Zkxprotocol (ZKX) was founded in 2021 by Eduard Jubany Tur, Naman Sehgal and Vitaly Yakovlev. Prior to founding ZKX, Eduard and Naman held leadership positions at SOSV. SOSV is one of the world's top venture capital firms with over $1.2 billion in assets under management.

Zkxprotocol is a permissionless protocol for derivatives built on StarkNet, with a decentralized order book and financial exchange facilities, driven by a DAO. Eduard Jubany Tur, founder of ZKX, describes his product as follows: "We are determined to build an exchange that will break down the barriers to using DeFi by building a protocol that will enable derivatives for trading assets on StarkNet. Our goal is to expand ZKX's reach across emerging markets, combine sophisticated technology with a friendly user experience, and build an ecosystem that gives users fair representation within DAOs." .

ZKX has raised $4.5 million in seed funding, Investors include StarkWare, Alameda Research, Amber Group, Huobi, Crypto.com, Hashkey Capital, Orange DAO, Angel DAO, Dweb3, Caballeros Capital, Cluster Capital, and gate.io. In addition, prominent individual investors including Polygon co-founder Sandeep Nailwal and DragonFly Capital general partner Ashwin Ramachandran also participated in the round.

Quadrata Identity Passport

Quadrata Identity Passport is a Passport network that brings Identity and compliance layers to DeFi applications on existing public blockchains like Ethereum. It uses privacy protection and anti-jamming techniques to bring identity, reputation and compliance on the chain.

For Web3, the Quadrata smart contract uses the ERC1155 standard, and any DeFi application can be seamlessly integrated with the Quadrata smart contract with a single line of code. For users, after applying for an NFT Quadrata passport, Quadrata passport holders can easily access all trusted Dapps in the network through one-time verification and continuous monitoring.

On July 14, 2022, Quadrata Identity Passport closed a $7.5 million seed round led by Dragonfly Capital, Participating institutional investors such as Franklin Templeton, Abra, GSR Ventures, Orange DAO, Fellows Fund, GreatPoint Ventures, and August Capital.

playdex.io

Playdex is an online marketplace that allows gamers and guilds to lease game assets from NFT owners. It has raised $2 million in seed funding from the Philippines' leading cryptocurrency exchange PDAX, Orange DAO, and Buko Ventures. Individual investors are Tinder co-founder Justin Mateen, Magic co-founder Aaron Kemmer, CSVE Ventures managing partner Nina Teng, XA Network's Yaw Yeo, Lazada PH Chairman Ray Alimurung and Wing Vasiksiri.

Playdex 是由 Xendit 高级软件工程师和 P2E 公会创始人 Daniel Laborada、Coins.ph 创始人和前 CEO Ron Hose、运营和营销主管 Thea Santos、工程主管 Eduard Iskandarov、Yield 公会游戏经理和 P2E 公会创始人 Bernadette Misa、PayMongo 联合创始人 Luis Sia 以及 PayMongo 成长团队的 Wesley Dela Cruz 在菲律宾创立的。

Cookie3

Cookie3 is the data engine analysis for Web3. By collecting users' on-chain NFT, dApp, Games and meta-universe data, and utilizing AI and machine learning-driven data mining and behavior analysis, we provide users' Web3 behavior analysis, user insight and DAPP-based marketing services.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia