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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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Fingerprints DAO curates and collects artworks that use smart contracts in exceptionally creative ways. They bring together artists and builders to produce fingerprints of the blockchain.
Payment Requests
Fingerprints DAO has various project initiatives that spread across contributors from all different time zones with 50+ active contributors.
Whether it's payments for gas fees, event venues, software solutions, to PR agencies, Fingerprints DAO previously had a hard time being able to organize + manage all of the operational expenses that came with operating a DAO at scale.
Fingerprints DAO chose Utopia as it's flexible payments solution to streamline their invoice + expense processes.
By simply sharing one link to contributors, Fingerprints DAO contributors were able to submit a payment request associated with their operational expenses.
This allowed for the Fingerprints DAO's operations + finance team to streamline their review, audit + bulk transaction execution process.
It's unlocked a new level of speed for our operational transactions that wouldn't otherwise be possible, owing to the great payment request feature Utopia has developed.
Lucas Pontes, Fingerprints DAO
Because Utopias’s infrastructure serves as the connective layer across all of Fingerprints DAO's payment operations, Fingerprints DAO can reduce operational costs, leading to further opportunities to maximize what matters most - their work curating, collecting, and creating.
With this partnership, Fingerprints joins several DAO's using Utopia today to scale and adapt their contributor payments, accounting, and reporting. Utopia now counts several DAO's in their respective verticals (NFT's, Investing, Media, DeFi) as prospective design partners + clients.
I believe pretty much all serious DAOs should have a tool like this. Accounting and financial processes are often overlooked, and end up snowballing into serious issues down the road. Blockchain data has no metadata, so you won't remember what that random transaction you did yesterday was for a few months from now.
Lucas Pontes, Fingerprints DAO
⭐ Any questions? Ping Kaito on Twitter or Discord (kaito | Utopia Labs ⛩#5843)
Fingerprints DAO curates and collects artworks that use smart contracts in exceptionally creative ways. They bring together artists and builders to produce fingerprints of the blockchain.
Payment Requests
Fingerprints DAO has various project initiatives that spread across contributors from all different time zones with 50+ active contributors.
Whether it's payments for gas fees, event venues, software solutions, to PR agencies, Fingerprints DAO previously had a hard time being able to organize + manage all of the operational expenses that came with operating a DAO at scale.
Fingerprints DAO chose Utopia as it's flexible payments solution to streamline their invoice + expense processes.
By simply sharing one link to contributors, Fingerprints DAO contributors were able to submit a payment request associated with their operational expenses.
This allowed for the Fingerprints DAO's operations + finance team to streamline their review, audit + bulk transaction execution process.
It's unlocked a new level of speed for our operational transactions that wouldn't otherwise be possible, owing to the great payment request feature Utopia has developed.
Lucas Pontes, Fingerprints DAO
Because Utopias’s infrastructure serves as the connective layer across all of Fingerprints DAO's payment operations, Fingerprints DAO can reduce operational costs, leading to further opportunities to maximize what matters most - their work curating, collecting, and creating.
With this partnership, Fingerprints joins several DAO's using Utopia today to scale and adapt their contributor payments, accounting, and reporting. Utopia now counts several DAO's in their respective verticals (NFT's, Investing, Media, DeFi) as prospective design partners + clients.
I believe pretty much all serious DAOs should have a tool like this. Accounting and financial processes are often overlooked, and end up snowballing into serious issues down the road. Blockchain data has no metadata, so you won't remember what that random transaction you did yesterday was for a few months from now.
Lucas Pontes, Fingerprints DAO
⭐ Any questions? Ping Kaito on Twitter or Discord (kaito | Utopia Labs ⛩#5843)
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