Origami enables all parts of starting and operating a DAO, such as native token minting or creation, operational software, paperwork, and the necessary smart contracts.
Origami intends to facilitate this transition by providing DAOs with a technology framework and support. In a funding round managed by Bloomberg Beta, an early-stage venture business funded by Bloomberg, L.P., the initiative has raised $6.2 million.
Among the other investors were betaworks, Protocol Labs, VC3 DAO, as well as notable angel investors Dylan Field and Balaji Srinivasan. Orange DAO, a community of entrepreneurs who invest in funds financing early-stage crypto startups, also contributed to the round. Huh, a general partner at Orange DAO, recuses himself from any commercial partnership decisions involving the businesses.
Origami and Orange DAO are collaborating on a “Power-Up” project to assist pre-launch DAOs with $20,000 in cash to prepare the path for a successful launch. Huh stated that the effort might fund 30 to 40 DAOs next year if additional funding is made available.
The funding will assist Origami in developing its software platform, infrastructure, and DAO playbook. Origami developed its software platform and infrastructure, as well as its DAO playbook.“$20,000 is just enough for people to say, “Okay, there’s somebody who believes in me, we can actually start creating a company that can raise more money to fund this community. We’re looking for founders and builders who are committed to actually building the DAO and committed to decentralization. We don’t want this to be just another word for a startup,” said Huh.
