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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...
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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...
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Today we’re excited to announce we’re launching on Polygon to support the growing community of DAOs and projects on the chain.
Polygon is a leader in exploring how to scale blockchains and developing technology that makes web3 accessible for all. It has an amazing and storied community of projects and supporters. The benefits of increased speed, efficiency, and lower cost make it an attractive option for web3 teams.
And Utopia is excited to support amazing DAOs and crypto-enabled organizations no matter where they live!
Polygon is an L2 scaling solution that helps Ethereum smart contracts with speed and scalability.
Polygon uses a modified proof-of-stake consensus mechanism that enables consensus to be achieved with every block.
But Polygon is working on an array of different scaling solutions! two of many being:
Polygon Edge/Subnets:
A modular and extensible framework for building private or public Ethereum-compatible blockchain networks.
Polygon Hermez
Hermez is an open-source zk-Rollup optimised for secure, low-cost and usable token transfers on the wings of Ethereum.
Polygon also has a deep commitment to sustainability with plans to go carbon-negative this year, and climate positive beyond that.
Polygon is home to many amazing DAOs and crypto projects; One of the amazing communities that inspired us to launch on Polygon was PoolTogether.
PoolTogether is a crypto-powered savings protocol based on Premium Bonds. Users can save money and have a chance to win every week.
Using multichain on Utopia is the same experience as eth-mainnet with no lessened functionality!!! Any Polygon DAO with a Gnosis Safe can use our full suite of features!
Polygon DAOs can create recurring and 1-time payments on Utopia and pay them out in less than 2 clicks. These two clicks create a transaction through their 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.
To avoid back-and-forth messages, a Utopia payment request link can be shared with the community. 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 may, Utopia will have a bookkeeping feature that will allow Polygon DAOs to categorize and get analytics on all their DAO’s transactions
Looking to join Pooltogether in freeing your team from operational overhead? Book a demo below
You can access Utopia on Polygon here:
https://app.utopialabs.com/login
Learn more about Utopia at utopialabs.com
Sources and additional reading:
Polygon is the fast, low-cost blockchain powering real-world assets and global payments, used by millions every day.
Today we’re excited to announce we’re launching on Polygon to support the growing community of DAOs and projects on the chain.
Polygon is a leader in exploring how to scale blockchains and developing technology that makes web3 accessible for all. It has an amazing and storied community of projects and supporters. The benefits of increased speed, efficiency, and lower cost make it an attractive option for web3 teams.
And Utopia is excited to support amazing DAOs and crypto-enabled organizations no matter where they live!
Polygon is an L2 scaling solution that helps Ethereum smart contracts with speed and scalability.
Polygon uses a modified proof-of-stake consensus mechanism that enables consensus to be achieved with every block.
But Polygon is working on an array of different scaling solutions! two of many being:
Polygon Edge/Subnets:
A modular and extensible framework for building private or public Ethereum-compatible blockchain networks.
Polygon Hermez
Hermez is an open-source zk-Rollup optimised for secure, low-cost and usable token transfers on the wings of Ethereum.
Polygon also has a deep commitment to sustainability with plans to go carbon-negative this year, and climate positive beyond that.
Polygon is home to many amazing DAOs and crypto projects; One of the amazing communities that inspired us to launch on Polygon was PoolTogether.
PoolTogether is a crypto-powered savings protocol based on Premium Bonds. Users can save money and have a chance to win every week.
Using multichain on Utopia is the same experience as eth-mainnet with no lessened functionality!!! Any Polygon DAO with a Gnosis Safe can use our full suite of features!
Polygon DAOs can create recurring and 1-time payments on Utopia and pay them out in less than 2 clicks. These two clicks create a transaction through their 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.
To avoid back-and-forth messages, a Utopia payment request link can be shared with the community. 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 may, Utopia will have a bookkeeping feature that will allow Polygon DAOs to categorize and get analytics on all their DAO’s transactions
Looking to join Pooltogether in freeing your team from operational overhead? Book a demo below
You can access Utopia on Polygon here:
https://app.utopialabs.com/login
Learn more about Utopia at utopialabs.com
Sources and additional reading:
Polygon is the fast, low-cost blockchain powering real-world assets and global payments, used by millions every day.
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