If DAOs are basically a "group chat with a bank account," they're going to need more tooling to go mainstream, say Tally's founders.
Element Finance, which is building a yield-maximizing marketplace for crypto interest rates, has landed some prominent backers.
API3, a firm aiming to provide an alternative to oracle service Chainlink, has raised $3 million in a private funding round led by Placeholder.
Nori has been funded to build a blockchain-based market for carbon credits that will start by paying farmers to remove CO2 from the atmosphere.
Numerai has sold an additional $3 million in NMR tokens to a slate of investors led by Union Square Ventures on the strength of its latest product, Erasure.
Ethereum startup Magic just raised $4 million from investors like Naval Ravikant, SV Angel, Placeholder and Volt Capital to make passwords less of a pain.
Matter Labs is using "mathematical magic" to speed up transactions on ethereum. Now Placeholder VC and others are investing $2 million in the project.