What is dappOS?
dappOS is an intent execution network that fundamentally changes the way users interact with decentralized blockchain systems. Users no longer need to manually complete multiple steps in traditional dApps; they can focus solely on their goals they want to achieve through dappOS. The service providers of the network handle all intermediary processes, ensuring that users obtain their desired results with minimal effort and institutional-level efficiency.
dappOS addresses a fundamental challenge in the Web3 space: the complexity of user interactions with decentralized applications. Traditionally, using dApps required users to execute multiple steps across multiple platforms to achieve their expected results. This cumbersome process has been a significant barrier to the mainstream adoption of Web3 technology.
dappOS changes this situation by introducing a more intuitive, intent-centric approach. You don't need to manually perform each step; just define the goal (i.e., what you want to achieve), and the dappOS network will take care of the rest.
Highlights of the dappOS project
One-click access to the multi-chain ecosystem Dapp: dappOS breaks the boundaries of traditional blockchain applications, allowing users to easily access Dapps on major public chains and cross-chain bridges without switching different wallets or browser plugins. This integrated access significantly enhances user efficiency and convenience.
Introducing the 'intent-centric' concept: dappOS transforms users' operational intentions into specific blockchain transactions through the concept of 'intent-centric'. With this feature, dappOS eliminates the complexities traditionally associated with dApp usage, allowing you to focus on the expected outcomes rather than worrying about the complexities of blockchain interactions, as dappOS manages the underlying processes.
Lowering the threshold for users to enter the Web3 world: dappOS simplifies the interaction process between users and blockchain, making it easy for even first-time blockchain users to quickly get started. It provides a unified and user-friendly interface, allowing users to intuitively operate blockchain applications as if they were using traditional mobile applications.
1. Users create orders by signing to confirm the entire workflow, including on-chain interactions across one or more chains, cross-chain assets, and fees for using the dappOS network.
2. dappOS sends orders to the dappOS network via JSON-RPC.
3. The dappOS network will delegate the orders to one of the permissionless nodes, ensuring that the orders are executed well, otherwise, that node will compensate the user for the losses.
4. Under the incentive of rewards, the selected nodes will execute the entire workflow, including cross-chain assets and on-chain transactions (from the user's virtual wallet to the DApp contract).
dappOS ecosystem
The dappOS ecosystem consists of several key roles.
1. Users: Publish intentions by initiating operations based on the dappOS framework.
2. Service providers: Execute various intent services. They can start taking user intentions and earning income after staking a certain amount of dappOS tokens as collateral.
3. Execution validators: Validators are responsible for verifying the execution of tasks, and if service providers fail to complete tasks as required, validators have the authority to impose penalties.
4. Matchers: These components match your intentions with suitable service providers to ensure you achieve the best intent results.
How does dappOS work?
The dappOS Network aims to provide a seamless user experience for using dappOS accounts across different chains. To meet the requirements of running current DApps and deliver the best user experience, the network offers the following two fundamental services:
Cross-chain assets. In most cases, the fees should be slightly higher than gas fees, and the time should only be slightly longer than a transaction on the source chain plus a transaction on the target chain.
Executing on-chain transactions from virtual wallets. Users should be allowed to pay gas fees using tokens from different chains, assets in CEX, or even fiat currency.
There are two types of nodes in the dappOS network: supernodes and server nodes. Supernodes delegate commands and penalize server nodes for misconduct. Server nodes accept commands from supernodes and earn profits by executing them.
dappOS participating institutions
dappOS, as a promising project, has demonstrated rapid development in the blockchain and decentralized application (DApp) space through its funding history. Here is a detailed overview of its funding journey:
In November 2022, dappOS was selected for the fifth season of the Binance Labs incubation program and received Pre-Seed funding from Binance Labs on June 20, 2023, although the specific funding amount was not disclosed.
On July 21, 2023, dappOS completed a seed funding round at a $50 million valuation, led by IDG Capital and Sequoia China, with participation from OKX Ventures, HashKey Capital, KuCoin Ventures, TronDao, Gate Labs, Taihill Ventures, Symbolic Capital, Foresight Ventures, BlueRun Ventures, Mirana Ventures, Leland Ventures, and others.
On March 28, 2024, dappOS completed a $15.3 million Series A funding round at a $300 million valuation, led by Polychain, with participation from Nomad Capital, IDG, Flow Traders, IOBC, NGC, Amber Group, Uphonest, Taihill, Waterdrip, Bing Ventures, Metalpha, Spark Digital Capital, Web3Port Foundation, and Satoshi Lab.
The funding history of dappOS showcases its strong momentum in the blockchain and DApp field. From being selected for the Binance Labs incubation program to completing multiple funding rounds, dappOS has not only secured financial support but also attracted the attention and participation of numerous well-known investment institutions. These investment institutions have not only provided financial backing but also brought rich industry resources and experience, helping dappOS achieve greater success in its future development.
In the future, as blockchain technology continues to develop and decentralized applications become increasingly popular, dappOS is expected to play a larger role in this field, providing users with a more convenient, secure, and efficient decentralized application experience.