DeepDAO safeguards $3 Million for growth even as DAO treasuries split in 1 month

Data analytics website, DeepDAO, has tenable $3M from distinguished investors to increase its data suite for tracking decentralized independent organizations.
DeepDAO, a website combining data on decentralized autonomous organizations, has elevated $3M for future extension in a round ran by venture capital firms DFG & Hypersphere.
An announcement asserts the “irresistible demand for DeepDAO’s seed round displays a strong interest in data products for the DAO space and the confidence the DAO ecosystem will produce.”
DeepDAO v1 presently provides data for more than 100 DAOs, combining data on organizations’ treasuries, governance & membership,
Rendering to the site, DAOs presently represent more than 66K members and $587M in assets under management— through the AUM has dropped 46% from more than $1B in the previous month among the recent crypto market downtrend. DAO treasuries are quiet up more than 300% since initial Nov. though.
Talking to Cointelegraph, DeepDAO creator and CEO, Eyal Eithcowich, forecasts the total AUM of DAOs will beat $10B in AUM and signify more than 1M operators by the end of 2021.
Establishment consultant to DeepDAO and Bitfwd Capital chairman, Daniel Bar specified the team tactics to enlarge data coverage, integrate DAOs from additional networks, and present new governance tools through the funds. The bar also noted the stage will offer an improved operator experience, with social feeds and forums, affirming:
‘The decentralized governance space is emerging at a breakneck speed, DeepDAO is serving the DAO interplanetary by providing a one-stop-shop where governance can be followed.’
“We are committed to citation all these governance systems through multiple chains and stages, explore and examine them as one large ecosystem, and deliver social features and services to permit a transparent and active community,” added Eithcowich.

Notwithstanding the fast-growing of DAOs over the historical year, Bar notes several tests facing the nascent sector, with standardization, identity, and a steep learning curve.
‘Most people quite think of DAOs as a nebulous idea, the ‘Aha moment’ that DAOs are Web3’s social network did not click to most people hitherto. But it’s getting closer,’ Bar held.
Jack Platts Hypersphere partner, defined the DeepDAO stage as making decentralized governance “easily nearby to everyone,” stating:
‘Decentralized protocols are governed by their operators, but to unlock the transparency and inclusivity we want high-quality tools.’