Project Introduction
dappOS is an intent-centric operation protocol that aims to make dApps as user-friendly as mobile applications. As a unified Web3 operation protocol, dappOS virtualizes the public chain by adding a new layer between users and cryptographic infrastructure such as public chains and cross-chain bridges, thereby providing users with a one-click friendly interactive experience. For project parties, this platform is like the App Store. As long as the project is deployed once, it can cover the traffic of all chains. For users, using dappOS to enter different Web3 applications is as convenient as calling mini-programs on WeChat. You only need a wallet account for one chain to access applications of various chains without feeling.
Project team and investors
DappOS received the lead investment from IDG Capital and Sequoia China in the seed round of financing. These two institutions have deep backgrounds and rich experience in the investment field, and their participation has undoubtedly injected strong impetus into the development of DappOS.
In addition, OKX Ventures, HashKey Capital, KuCoin Ventures, etc. also participated in the seed round of financing for dappOS. These institutions have deep accumulation in the fields of blockchain and digital assets. Their investment not only provides financial support for dappOS, but also brings rich industry resources and experience.
In addition to the above-mentioned institutions, many other investors have invested in dappOS, including TronDao, Gate Labs, Taihill Ventures, Symbolic Capital, Foresight Ventures, BlueRun Ventures, Mirana Ventures, Leland Ventures, etc. The support of these investors provides a strong backing for the development of dappOS.
Financing Details
DappOS raised a further amount in its Series A round, which reportedly raised $15.3 million and valued the company at $300 million.
Team members
The core members of the dappOS team have work experience in top technology companies and blockchain institutions, and have strong technical and product backgrounds. The management team, including CEO, CTO and COO, all come from first-tier backgrounds such as Stanford, Carnegie Mellon, Tsinghua University and Google, and have technical vision and leadership. At the same time, the team not only has experts in blockchain and cryptography, but also product design and operation experts from large companies such as Microsoft and Facebook. Importantly, the members have founded many technology companies, have rich entrepreneurial and management experience, have a deep understanding of blockchain infrastructure and applications, and can carry out forward-looking technical design. The team members are distributed in the United States and the Asia-Pacific region, and the overall internationalization is present. The core team has a long-term cooperative relationship and close collaboration, and there is little loss.
DappOS Core Advantages
dappOS is the first intent-centric operating protocol. It is based on account abstraction/chain interoperability and is upgraded to a practical solution to solve the user-unfriendly problems of Web3, lower the usage threshold, and lay the foundation for large-scale applications.
What does "intention-centered" mean? Let's take a real-life scenario as an example.
1) You cross-chain 1000 USDT on the BNB chain to Arbitrum. Is cross-chain your purpose? No! Your intention is to use USDT to buy GMX on Arbitrum.
2) You authorized the USDC and WBTC in your wallet on Uniswap. Is authorization your purpose? No! You want to create a USDC-WBTC LP, and creating a LP is not your purpose. Your intention is to participate in their liquidity mining.
"Intention-centered" is like "begin with the end in mind" in "The Seven Habits of Highly Effective People", and takes the user's ultimate goal as the task goal. What dappOS does is to efficiently achieve the user's ultimate goal and simplify the process. There are two major headaches for users at present.
1) A big problem is that Dapp is very complicated to use. Taking liquidity mining as an example, new users need to interact with the contract 5 times, including authorization of two coins, formation of LP liquidity pair, LP pair authorization, LP deposit, etc. If the funds are distributed on BNB Chain, Arbitrum, and ETH chains, either the funds must be cross-chain first, or operations must be performed on different chains.
2) The second biggest problem is the Web3 wallet. Everything in the wallet is controlled by the mnemonic/private key. Once lost, everything is lost and cannot be recovered. In addition, in the multi-chain era, EVM, Unisat, and Solana have their own mnemonics and wallets. Even if the EVM wallet is the same, the assets on different chains become fragmented, and management and operation are cumbersome.
In the field of chain abstraction/chain interoperability, we have infrastructure such as LayerZero, Wormhole, and Polyhedra. I have talked about this many times in other articles. Due to the promotion of large-scale applications of blockchain and the improvement of modular infrastructure, the emergence of a large number of public chains is an inevitable trend. Therefore, infrastructure such as chain abstraction/chain interoperability is extremely important and in great demand.
However, as mentioned in the previous example, cross-chain is not the user's goal, but something he has to do. What the user wants to do may be to purchase assets from other chains, etc. The advantage of dappOS is that it starts directly from the ultimate goal. The dappOS network is based on abstract accounts and cross-chain protocols, providing a unified wallet for the entire chain, unified asset operations for the entire chain, and a simple operation plan.
The solution of dappOS is very popular with many project parties. It is still in the V2 beta stage and has already cooperated with famous ones such as GMX, Stader, KyberSwap, Perpetual, BENQI, QuickSwap, etc. The effect is immediate. Taking GMX as an example, the user first uses an abstract wallet to manage the assets in a unified manner. If the assets are distributed in Arbitrum with 50USDC and Avalanche with 100USDC, the user does not need to cross the chain. dappOS can use 150USDC for GMX with one click, and there is no need to consider the GAS issues of different chains. With GMX powered by dappOS V2, the user's simplified workflow optimizes execution time by 90% and reduces execution fees by up to 20%. Since the integration of GMX V2 for two months, GMX V2 has added 30,596 new users
dappOS investment logic
dappOS is a web3 operating protocol that aims to provide users with a one-click access to multi-chain full-ecosystem Dapps, while providing Dapp builders with multi-chain deployment and promotion solutions. dappOS utilizes the technical innovations of account abstraction and cross-chain services to achieve the virtualization of public chains, lowering the threshold and cost of use for users and project parties. dappOS is expected to become a one-click entry point to web3, capturing huge market opportunities and value. Its core investment value is mainly reflected in the following aspects:
dappOS has been recognized and supported by top institutions: As a pioneer in intent-centric operating protocols, dappOS's concepts and products are deeply recognized by the industry. In November 2022, it became one of the top 12 projects in the fifth phase of Binance Labs, standing out from more than 900 participating projects. Binance Labs is the world's leading blockchain incubator, and the selection of projects is very strict. The fact that dappOS was shortlisted fully demonstrates its disruptive product value. In addition, dappOS has also received seed round financing from institutions such as IDG Capital and Sequoia China, and more than 20 top public chains and DApp projects including GMX, Perpetual Protocol, and Avalanche have reached cooperation with it. These all show the industry's high recognition of dappOS, and obtaining strategic support from top institutions is one of the important competitive advantages of dappOS.
dappOS is uniquely positioned as "intent-centric" to help build a seamlessly connected Web3: In the blockchain field, infrastructure is crucial. dappOS has been promoting the three transformation stages of "account abstraction", "chain abstraction" and "intent-centric" to help users understand the concept of "abstraction" more deeply. At the beginning, dappOS implemented account abstraction to eliminate the obstacles of complex phrase recovery mechanism. Then chain abstraction was carried out to hide the complexity of using gas fees. Finally, with the concept of "intent-centric" as the core, there is no need to pay attention to the specific intermediate process, just complete the transaction according to your own intention. dappOS is committed to gathering major chains and DApps, simplifying the actual needs of user intentions, so that they can use them conveniently without professional knowledge, just like netizens use YouTube without understanding the underlying technology. With dappOS, users will truly be able to enjoy a seamless Web3 experience, removing the threshold of basic knowledge, which is difficult to achieve in the current Web3 scenario. dappOS empowers users with the concept of "intent-centric", while assisting the industry in narrowing the gap between Web2 and Web3. It is expected to become the first platform that allows the general public to use Web3 applications, which is also its core competitiveness.
Solve practical pain points and provide a unique user experience for Dapp: dappOS attempts to solve the two main pain points commonly faced by current blockchain applications: complex user experience and fragmented public chain ecology. dappOS provides users with a friendly front-end interface, abstracts the technical complexity of blockchain, and makes accessing DApp as simple as using web2 applications. At the same time, it also connects the isolated islands in the blockchain world by virtualizing different blockchain networks, realizing the interoperability of applications and assets. Because of this, dappOS provides important convenience for ordinary users to use blockchain and reduces the difficulty of multi-chain deployment for developers. This dual value of optimizing user experience and connecting blockchain ecology makes it one of the important innovations in blockchain infrastructure.
dappOS Outlook
In the future, DappOS will serve as an operating protocol to smooth out the barriers between numerous DApps and a large number of users, transport hundreds of millions of users to the We3.0 world, provide power for the entire ecosystem, and at the same time, benefit from the development of the ecosystem, do more self-improvement, and realize the closed loop of the self-ecosystem.
Like the comments of Michael Li, VP of Data at Coinbase, DAPPOS brings benefits to developers and Web3 users. The next billion users may not want to spend hours learning about decentralization, and DAPPOS will be there, acting as a bridge to help the industry grow from millions to billions.
