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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 LabsIntroducing Off Ramps
Welcome to a wider UtopiaUtopia 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...
>100 subscribers
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 LabsIntroducing Off Ramps
Welcome to a wider UtopiaUtopia 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...
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Today we’re excited to announce we’re launching on Gnosis Chain to support the growing community of DAOs and projects on the chain.
Previously known as the xDai Chain, Gnosis Chain provides stability, scalability and an extendable beacon chain framework. We’re so happy to support Gnosis DAOs onto Utopia to help scale their operations as organizations.
What is Gnosis Chain?
The Gnosis Chain is a stable payment Ethereum Virtual Machine, meaning applications built solidity smart contracts can be deployed on Gnosis Chain. This blockchain is designed for fast and low-cost transactions. Similar to (link) BNB Smart Chain, Gnosis Chain uses a dual-token model.
xDai –stable token used for transactions, payments, and fees
Gnosis Beacon Chain –consensus-layer providing Proof of Stake protection
New chain, same Utopia ⛩ Using multichain on Utopia is the same experience as eth-mainnet with no lessened functionality! Any Gnosis Chain DAO with a Gnosis Safe can use our full suite of features!
Gnosis Chain DAOs can create recurring and 1-time payments on Utopia and pay them out in less than two clicks. These two clicks make a transaction through Gnosis SAFE, paying the team’s recurring compensation.
Once the transaction is created, DAO multi-sig holders sign and execute the payment on Utopia without any gas! Our signing page lets multi-sig holders get a clearer picture of their Gnosis transactions and avoid paying gas individually.
A Utopia payment request link can be shared with the community to avoid back-and-forth messages. Individuals expecting payment can submit how much they should be paid along with information on the context of the payment.
DAOs can track and download their payment history - giving them a detailed breakdown of the DAO’s expenses.
In July, Utopia will have a bookkeeping feature that will allow Gnosis Chain DAOs to categorize and get analytics on all their DAO’s transactions.
Looking to free your team from operational overhead? Book a demo below
https://calendly.com/d/dtt-6dv-j3m
You can access Utopia on Gnosis Chain here:
Learn more about Utopia at utopialabs.com
Sources and additional reading:
Gnosis is hoping to create a more scalable future for crypto, but how does it work? Here's an in-depth guide to what Gnosis chain really is.
Open-source block explorer by Blockscout. Search transactions, verify smart contracts, analyze addresses, and track network activity. Complete blockchain data and APIs for the Gnosis chain Explorer network.
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
Today we’re excited to announce we’re launching on Gnosis Chain to support the growing community of DAOs and projects on the chain.
Previously known as the xDai Chain, Gnosis Chain provides stability, scalability and an extendable beacon chain framework. We’re so happy to support Gnosis DAOs onto Utopia to help scale their operations as organizations.
What is Gnosis Chain?
The Gnosis Chain is a stable payment Ethereum Virtual Machine, meaning applications built solidity smart contracts can be deployed on Gnosis Chain. This blockchain is designed for fast and low-cost transactions. Similar to (link) BNB Smart Chain, Gnosis Chain uses a dual-token model.
xDai –stable token used for transactions, payments, and fees
Gnosis Beacon Chain –consensus-layer providing Proof of Stake protection
New chain, same Utopia ⛩ Using multichain on Utopia is the same experience as eth-mainnet with no lessened functionality! Any Gnosis Chain DAO with a Gnosis Safe can use our full suite of features!
Gnosis Chain DAOs can create recurring and 1-time payments on Utopia and pay them out in less than two clicks. These two clicks make a transaction through Gnosis SAFE, paying the team’s recurring compensation.
Once the transaction is created, DAO multi-sig holders sign and execute the payment on Utopia without any gas! Our signing page lets multi-sig holders get a clearer picture of their Gnosis transactions and avoid paying gas individually.
A Utopia payment request link can be shared with the community to avoid back-and-forth messages. Individuals expecting payment can submit how much they should be paid along with information on the context of the payment.
DAOs can track and download their payment history - giving them a detailed breakdown of the DAO’s expenses.
In July, Utopia will have a bookkeeping feature that will allow Gnosis Chain DAOs to categorize and get analytics on all their DAO’s transactions.
Looking to free your team from operational overhead? Book a demo below
https://calendly.com/d/dtt-6dv-j3m
You can access Utopia on Gnosis Chain here:
Learn more about Utopia at utopialabs.com
Sources and additional reading:
Gnosis is hoping to create a more scalable future for crypto, but how does it work? Here's an in-depth guide to what Gnosis chain really is.
Open-source block explorer by Blockscout. Search transactions, verify smart contracts, analyze addresses, and track network activity. Complete blockchain data and APIs for the Gnosis chain Explorer network.
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
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