PrimeDAO raises $2M for a cooperative platform for DAOs

PrimeDAO has received $2 million in seed funding from DeFi funds who share its vision of a collaborative platform that facilitates cooperation between decentralized autonomous organisations. PrimeDAO is a project that aims to improve coordination and cooperation among decentralized autonomous organizations (DAOs). The $2 million seed funding has been secured by DeFi funds. The platform will allow DAOs to create and ratify agreements that are subject to on-chain conditions. D2D will allow DAOs to share ownership over common assets, execute joint ventures and create collaborative liquidity pools. PrimeDAO will work with DeFi Safety and Balancer to develop the platform. The team will also create a seed and IDO-style token platform. Prime Launch is the platform that will be developed by the team. Participants received $15,000 in cash.

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