Following a week of bustling investment activity, PolkaFoundry is pleased to announce a strategic partnership with DuckDAO, a crowdsourced incubator with over 100 digital asset startups under its belt. DuckDAO will back PolkaFoundry’s early-stage growth with long-term strategic investment capital from the largest investment network in the digital asset space.
The partnership opens the door to a larger pool of investors as momentum grows for PolkaFoundry’s one-stop production hub for DeFi and Web 3.0. PolkaFoundry recently closed on an oversubscribed $1.9 million private funding round supported by Signum Capital, Spark Digital Capital, Master Ventures, AU21 Capital, X21 Digital, Magnus Capital, Rarestone Capital, PNYX Ventures, Block Dream Fund — the newly founded $100m OKEx venture capital fund, and 15+ other prestigious funds.
The strategic partnership with DuckDAO will enable PolkaFoundry to increase its visibility within the investment community through social media support. As a community-driven decentralized incubator, DuckDAO leverages its network of investors, called “Ducks,” to support promising projects. PolkaFoundry will gain access to a network of more than 10,000 crypto investors with a powerful social media presence.
Community-Backed Investing Benefits
To qualify as a DuckDAO incubator project, PolkaFoundry went through a thorough due diligence process to meet the rigorous standards and benchmarks for the probability of success. Once accepted into the incubator program, projects benefit from DuckDAO’s long-term investment commitment and support from its large investment network of social influencers.
Investors benefit from the decentralized venture investment model in several ways. Risk is lowered by the low initial investment requirement and the DeFi VC firm’s thorough vetting process. Investors not only gain from the higher appreciation potential by getting in at the early stage of investing but also can earn rewards for active participation in deals, including AMAs and social media campaigns.
Retail investors can become early-stage investors, or Ducks, by joining the token-permissioned Telegram community and obtaining DuckDAODime (DDIM) tokens through Uniswap or participation in community events such as AMAs.
The decentralized crowdfunding model opens up investment opportunities that were previously only available to wealthy investors and venture capital funds. By democratizing access to startup deals, all crypto investors can acquire PolkaFoundry tokens in the early investment stage.
In a crypto market flush with hot money, we welcome DuckDAO’s long-term investment commitment and strategic advice as we set the foundation for our sustainable growth.
DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast-track their progress on the path to success. They aim to democratize access to investment opportunities that were previously available only to well-heeled investors and venture funds, opening up the closed ecosystem of early-stage crypto project investments to everybody.
Find out more at https://duckdao.io/.