With the arrival of the crypto bull market, Bitcoin has broken $100,000, and the crypto market is exceptionally active. Many people are entering the digital currency market, hoping to make profits here. The current bull market has entered a mid-phase, and there isn't much upward space for Bitcoin and Ethereum. The next step for major funds and large holders will be to flow into the altcoin market, driving a wave of altcoin surges. In fact, during the bull market phase, laying out in the primary market can also lead to many potential doubling projects. If you experienced the last bull market in 2021, you might be more aware of this.
Today, I would like to introduce a project favored by Binance, the Intent Asset project, DappOs. What charm does it have that attracts Binance to invest in it?
1. Introduction to DappOs
dappOS is an innovative intent execution network aimed at simplifying the user experience of interacting with decentralized applications (dApps) and lowering the barriers to entry into Web3.
dappOS enables users to interact with dApps as easily as they do with Web2 applications by creating an intermediary layer. This layer abstracts the technical complexity of blockchain, allowing users to only interact with dappOS, which is responsible for interacting with the crypto dApps that users need to access and automatically executing workflows.
Simply put, DappOS is a system that transforms user intentions into results on the blockchain, connecting service providers and developers to complete tasks.
The so-called 'intent assets' are tools for automatically converting and managing assets across different chains, simplifying cross-chain operations and automatically generating returns.
2. Intent: One of the best use cases of AI+Crypto
AI has rapidly developed in recent years, and many believe that 2023 is the '1995 moment' for AI. ChatGPT and other chatbots based on large language models have begun to enter the lives of ordinary people, and both the capital market and the general public's attention to AI have reached unprecedented heights. The improvement of large language model capabilities is far from reaching a bottleneck, and we do not yet know how far we can elevate AI's capabilities or how AI will reshape various industries. With the release of GPT-4o, the time when AI fully enters our lives seems to have been quickly pushed forward.
The combination with AI is one of the important topics in the crypto space in the past year, with related conceptual tokens seeing astonishing increases. The author believes that from a business logic perspective, blockchain AI agents will be one of the best use cases for the combination of AI and crypto, enabling people's intentions to be realized more easily.
3. Currently, dappOS has announced 3 intent frameworks:
1. Intent trading: Helping users achieve optimal spot trading costs
2. Intent assets: Universal assets within the dappOS system that can homogenize a series of equivalent assets while also accommodating the income-generating and trading attributes of the assets.
3. Intent-based dAPP interaction: As in our previous example, 'purchase $1000 worth of Meme Coin $BRETT,' this can be achieved through this framework, which helps users connect more easily with dAPPs and quickly bridges assets.
Intent assets greatly smooth out differences between different chains and between homogeneous assets, thus saving a lot of work in cross-chain or homogeneous asset exchanges, significantly enhancing user experience.
4. Financing situation
dappOS has completed a total of 3 rounds of financing.
In November 2022, dappOS was selected for the fifth season of the Binance Labs incubation program and received Pre-Seed round financing from Binance Labs on June 20, 2023, although the specific financing amount has not been disclosed.
On July 21, 2023, dappOS completed a seed round of financing with a valuation of $50 million, led by IDG Capital and Sequoia China, with participation from OKX Ventures, HashKey Capital, and others.
On March 28, 2024, dappOS completed a $15.3 million Series A financing round with a valuation of $300 million, led by Polychain, with participation from Nomad Capital, IDG, Flow Traders, and others.
The intent track aims to enhance the user experience of web3, thus ushering in the '1995 moment' of web3 and introducing massive adoption. The intent track has also been a hot investment track for VCs over the past year, with many projects aligning their concepts with intent.
However, the intent track is still an emerging field, with the vast majority of projects in this track lacking fully formed products online and unclear business models. Most products and mechanisms of dappOS mentioned in this article have yet to be launched, and there is considerable uncertainty about the future development of the track and projects.
Project summary
Project name: DappOs
Total token supply: 1 billion
Project valuation: $300 million
Project establishment date: 2022
Project track: Infrastructure, Intent Assets, AI Intelligence
Belongs to ecosystem: Ethereum, Polygon, BNB Chain, Arbitrum, Optimism
Expected launch time: December 2024 - January 2025
Initial exchanges: Binance (has launched Binance Web 3 tasks), OUYI, ZhiMa, Huobi.
Lead investors: Binance, OUYI, Sequoia China
Lock-up mechanism: One month lock-up upon launch, releasing 50%, then 10% released each month.
Private placement price: you886574
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