ShapeShift DAO's Minted FOX Success Tokens Receives Strategic Investment from Coinbase Ventures and Chapter One

ShapeShift DAO, a decentralized, non-custodial cryptocurrency platform, announced a strategic investment from Coinbase Ventures and Chapter One for its minted FOX Success Tokens. Success Tokens use UMA's Optimistic Oracle for resolution, which offers DAO treasury management the tools and flexibility to query precise pieces of data and trust they are accurate. Engineered by UMA, Success Tokens provide a way for DAOs to raise funds from long-term strategic investors without the need to sell tokens at a steep discount. Previously, ShapeShift announced in July 2021 that it closed its corporate entity and airdropped 340 million $FOX tokens to DeFi investors across multiple blockchains.