dappOS, a Singapore-based intent execution network operator, raised $15.3M in Series A funding, at a $300M valuation.
The round was led by Polychain. Other investors included Nomad Capital, IDG, Flow Traders, IOBC, NGC, Amber Group, Uphonest, Taihill, Waterdrip, Bing Ventures, Spark Digital Capital, Satoshi Lab and Metalpha among others.
The company intends to use the funds to expand operations and development efforts.
dappOS is an intent execution network that empowers chains and dApps to be intent-centric. It turns value-specific intents into on-chain outcomes by creating a two-sided marketplace: On the supply side, service providers stake collateral and opt into running one or more execution services. And on the demand side, it enables developers to find solutions to fulfill users’ intents.
dappOS was selected to join Binance Incubation Program Season 5 in December, 2022. In July 2023, it also received seed round investment from Binance Labs, Sequoia China, and others.
FinSMEs
03/04/2024