DAO Infrastructure Project Squads Closed $5 Million in Strategic Financing Led by Multicoin Capital

TokenInsight News, Squads, a DAO infrastructure project, closed a $5 million strategic funding round led by Multicoin Capital, with participation from Jump Capital, Delphi Digital, Collab + Currency and others. The funds raised will be used to grow its team and build more functionality for the Solana team. Squads, currently launched on Solana mainnet, is an application that can be used to create decentralized autonomous organizations (DAOs) on Solana. It aims to be a collaborative infrastructure for Web3 native teams, enabling DAOs decentralized collaboration while maintaining transparency.