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Utopia LabsUtopia: The Future of Coordination
Announcing our $23M Series A led by ParadigmAs the name suggests, Utopia Labs embodies the pursuit of the ideal. We’re leveraging technology to achieve better collaboration in the Web3 economy, where DAOs hold the potential to break down geographic and digital barriers and usher in a new era of decentralized coordination. Since we launched Utopia last year, we’ve partnered and built alongside leading crypto-native organizations including OlympusDAO, Lido, Friends with Benefits, Yield Guild Ga...
Utopia LabsWhy should organizations run on the blockchain?
As transaction costs go to near zero and coordination costs continue to increase, organizations that originate ten years from now will run on blockchains as their primary way of transferring value. There are two fundamental reasons why I believe this:1. Blockchains are the most efficient method of transferring value.Organizations that operate on the blockchain run faster and cheaper than traditional financial rails. This is because, unlike conventional financial operations, working off the bl...
Utopia LabsCommunity Spotlight: PleasrDAO
For a DAO catalyzed by an artist who goes by pplpleasr; the Pleasr community is anything but a pack of people pleasers. Whether it’s their principled acquisitions or vocal community, anyone familiar with the group knows the Pleasr community is made up of mavericks who embody the power of collective action and have developed new ways in which crypto can be used as a medium for impact. They are a collective of defi leaders, early NFT collectors and digital artists with a reputation for acquirin...
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Utopia has consistently prioritized streamlining payments and optimizing workflows for crypto organizations. However, our vision extends further as we recognize the potential of our tools to address the challenges faced by individual EOA wallet users in the broader market.
We believe in enabling more people in the crypto space to seamlessly integrate with traditional payment systems, bringing the value of blockchain technology into their everyday work and life. At the intersection of crypto, fiat, and fintech, we will continue to innovate and create new possibilities.
Our first foray in this vision is our off-ramping solution, bridging the gap between crypto and traditional payment rails.
We are thrilled to announce our partnership with Bridge, a pioneering company in the field of stablecoin orchestration and issuance. This collaboration empowers Utopia to provide seamless onboarding for new users and effortless off-ramping of stablecoin assets from their wallets to their preferred bank accounts.
Utopia's individual off-ramps offer several key benefits for existing Utopia contributors and EOA wallet users:
Easy and Convenient: Utopia makes off-ramping your crypto assets simpler than ever with its user-friendly interface and collaboration with Bridge. The whole process- from completing the KYC process to getting USD in your bank - happens super quickly and seamlessly.
Low Cost: For a limited time we are offering no fees for off-ramping!
Reliable KYC Process: We ensure a highly reliable and efficient KYC process, providing users with a secure and compliant off-ramping experience and robust measures to protect their assets and personal information.
All-in-One Platform: Utopia's individual off-ramps are just the beginning. We aim to become a comprehensive hub for crypto contractors, offering a centralized location for tracking finances, facilitating compliant work, and providing additional features to enhance your crypto experience.
As we work diligently on developing the off-ramp feature, we would like to provide you with a brief update on our progress and key considerations prior to our launch:
US Bank Accounts Only: Initially, the off-ramp tool (V1) will cater exclusively to users with US bank accounts, with plans for global expansion in the future.
Limited to USDC on Ethereum mainnet: The off-ramp feature will initially support USDC token on Ethereum mainnet - with integration plans for other blockchain platforms such as Polygon and Avax coming soon!
Transaction Limits: Currently, transactions are limited to a maximum of $10,000, but users can increase their limit to $100,000 after completing additional KYC.
Single Bank Account Wallet: Users can currently link one bank account wallet to their Utopia account, streamlining the off-ramp experience.
Future Support for SAFE: We are actively working on bringing the off-ramp feature to our SAFE user to provide enhanced convenience and flexibility for managing crypto assets.
We aim to facilitate easy conversion and transfer of digital assets, empowering users to access their funds whenever they need to. Your input is invaluable in shaping our roadmap and driving our progress. If you're interested in sharing your insights and collaborating with us, please reach out. Join us as we build a wider Utopia, where on-chain value becomes an integral part of everyday life.
Is your business looking to make fiat payments with crypto? We’re working on that too! Sign up here for beta access.
For support, please reach out to offramps@utopialabs.com.
Utopia has consistently prioritized streamlining payments and optimizing workflows for crypto organizations. However, our vision extends further as we recognize the potential of our tools to address the challenges faced by individual EOA wallet users in the broader market.
We believe in enabling more people in the crypto space to seamlessly integrate with traditional payment systems, bringing the value of blockchain technology into their everyday work and life. At the intersection of crypto, fiat, and fintech, we will continue to innovate and create new possibilities.
Our first foray in this vision is our off-ramping solution, bridging the gap between crypto and traditional payment rails.
We are thrilled to announce our partnership with Bridge, a pioneering company in the field of stablecoin orchestration and issuance. This collaboration empowers Utopia to provide seamless onboarding for new users and effortless off-ramping of stablecoin assets from their wallets to their preferred bank accounts.
Utopia's individual off-ramps offer several key benefits for existing Utopia contributors and EOA wallet users:
Easy and Convenient: Utopia makes off-ramping your crypto assets simpler than ever with its user-friendly interface and collaboration with Bridge. The whole process- from completing the KYC process to getting USD in your bank - happens super quickly and seamlessly.
Low Cost: For a limited time we are offering no fees for off-ramping!
Reliable KYC Process: We ensure a highly reliable and efficient KYC process, providing users with a secure and compliant off-ramping experience and robust measures to protect their assets and personal information.
All-in-One Platform: Utopia's individual off-ramps are just the beginning. We aim to become a comprehensive hub for crypto contractors, offering a centralized location for tracking finances, facilitating compliant work, and providing additional features to enhance your crypto experience.
As we work diligently on developing the off-ramp feature, we would like to provide you with a brief update on our progress and key considerations prior to our launch:
US Bank Accounts Only: Initially, the off-ramp tool (V1) will cater exclusively to users with US bank accounts, with plans for global expansion in the future.
Limited to USDC on Ethereum mainnet: The off-ramp feature will initially support USDC token on Ethereum mainnet - with integration plans for other blockchain platforms such as Polygon and Avax coming soon!
Transaction Limits: Currently, transactions are limited to a maximum of $10,000, but users can increase their limit to $100,000 after completing additional KYC.
Single Bank Account Wallet: Users can currently link one bank account wallet to their Utopia account, streamlining the off-ramp experience.
Future Support for SAFE: We are actively working on bringing the off-ramp feature to our SAFE user to provide enhanced convenience and flexibility for managing crypto assets.
We aim to facilitate easy conversion and transfer of digital assets, empowering users to access their funds whenever they need to. Your input is invaluable in shaping our roadmap and driving our progress. If you're interested in sharing your insights and collaborating with us, please reach out. Join us as we build a wider Utopia, where on-chain value becomes an integral part of everyday life.
Is your business looking to make fiat payments with crypto? We’re working on that too! Sign up here for beta access.
For support, please reach out to offramps@utopialabs.com.
Utopia LabsUtopia: The Future of Coordination
Announcing our $23M Series A led by ParadigmAs the name suggests, Utopia Labs embodies the pursuit of the ideal. We’re leveraging technology to achieve better collaboration in the Web3 economy, where DAOs hold the potential to break down geographic and digital barriers and usher in a new era of decentralized coordination. Since we launched Utopia last year, we’ve partnered and built alongside leading crypto-native organizations including OlympusDAO, Lido, Friends with Benefits, Yield Guild Ga...
Utopia LabsWhy should organizations run on the blockchain?
As transaction costs go to near zero and coordination costs continue to increase, organizations that originate ten years from now will run on blockchains as their primary way of transferring value. There are two fundamental reasons why I believe this:1. Blockchains are the most efficient method of transferring value.Organizations that operate on the blockchain run faster and cheaper than traditional financial rails. This is because, unlike conventional financial operations, working off the bl...
Utopia LabsCommunity Spotlight: PleasrDAO
For a DAO catalyzed by an artist who goes by pplpleasr; the Pleasr community is anything but a pack of people pleasers. Whether it’s their principled acquisitions or vocal community, anyone familiar with the group knows the Pleasr community is made up of mavericks who embody the power of collective action and have developed new ways in which crypto can be used as a medium for impact. They are a collective of defi leaders, early NFT collectors and digital artists with a reputation for acquirin...
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