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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...
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 Optimism to support the growing community of DAOs and projects on the chain.
Optimism is built by the Optimism Foundation, a nonprofit organization dedicated to growing the Optimism Collective (a new model for properly rewarding those who create or sustain public goods). The Optimism community is one of the most dedicated builders focused on impact and growth, with over 1M dollars donated to public goods. We’re thrilled to be supporting Optimism DAOs and look forward to advancing toward the sustainability of public goods.
What is Optimism?
Optimism is a layer 2 Ethereum blockchain known to be lightning-fast and low-cost. It is built through the organization’s four pillars: simplicity, pragmatism, sustainability, and optimism.
Simplicity –to build with a minimum number of moving parts, optimizing for low overhead cost while focusing on a secure, scalable, and flexible L2 system.
Pragmatism –to be aware of real-world constraints and prioritize user and developer needs.
Sustainability –to strive for long-term sustainability and scalability.
Optimism –to work with continued optimism about the Ethereum vision and project.
Optimism is enabled through an “Optimismtic Rollup,” a blockchain that piggybacks off of the security of another "parent" blockchain. These roll-ups take advantage of their parent chains’ (Ethereums’) consensus mechanisms and make Ethereum transactions cheaper and faster.
Using Optimism on Utopia is the same experience as eth-mainnet with no lessened functionality! Any Optimism Chain DAO with a Gnosis Safe can use our full suite of features!
New chain, same Utopia ⛩ Using multichain on Utopia is the same experience as eth-mainnet with no lessened functionality! Any Optimism DAO with a Gnosis Safe can use our full suite of features!
Optimism 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 Optimism 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 Optimism Chain here:
Learn more about Utopia at utopialabs.com
Sources and additional reading:
https://www.optimism.io/apps/daos
The Optimism Collective is a large-scale experiment in decentralized governance. Our Vision is to sustainably fund those public goods that improve upon the well-being of the Collective and beyond. This Working Constitution enshrines governing provisions and principles that, we hope, are calibrated to the ambition of this Vision.
https://optimism.mirror.xyz/gQWKlrDqHzdKPsB1iUnI-cVN3v0NvsWnazK7ajlt1fI
Today we’re excited to announce we’re launching Optimism to support the growing community of DAOs and projects on the chain.
Optimism is built by the Optimism Foundation, a nonprofit organization dedicated to growing the Optimism Collective (a new model for properly rewarding those who create or sustain public goods). The Optimism community is one of the most dedicated builders focused on impact and growth, with over 1M dollars donated to public goods. We’re thrilled to be supporting Optimism DAOs and look forward to advancing toward the sustainability of public goods.
What is Optimism?
Optimism is a layer 2 Ethereum blockchain known to be lightning-fast and low-cost. It is built through the organization’s four pillars: simplicity, pragmatism, sustainability, and optimism.
Simplicity –to build with a minimum number of moving parts, optimizing for low overhead cost while focusing on a secure, scalable, and flexible L2 system.
Pragmatism –to be aware of real-world constraints and prioritize user and developer needs.
Sustainability –to strive for long-term sustainability and scalability.
Optimism –to work with continued optimism about the Ethereum vision and project.
Optimism is enabled through an “Optimismtic Rollup,” a blockchain that piggybacks off of the security of another "parent" blockchain. These roll-ups take advantage of their parent chains’ (Ethereums’) consensus mechanisms and make Ethereum transactions cheaper and faster.
Using Optimism on Utopia is the same experience as eth-mainnet with no lessened functionality! Any Optimism Chain DAO with a Gnosis Safe can use our full suite of features!
New chain, same Utopia ⛩ Using multichain on Utopia is the same experience as eth-mainnet with no lessened functionality! Any Optimism DAO with a Gnosis Safe can use our full suite of features!
Optimism 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 Optimism 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 Optimism Chain here:
Learn more about Utopia at utopialabs.com
Sources and additional reading:
https://www.optimism.io/apps/daos
The Optimism Collective is a large-scale experiment in decentralized governance. Our Vision is to sustainably fund those public goods that improve upon the well-being of the Collective and beyond. This Working Constitution enshrines governing provisions and principles that, we hope, are calibrated to the ambition of this Vision.
https://optimism.mirror.xyz/gQWKlrDqHzdKPsB1iUnI-cVN3v0NvsWnazK7ajlt1fI
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