JokeRace, the onchain competition platform used by Polygon, Farcaster and Bankless, raises $3 million | Headlines | News | CoinMarketCap
07/31/2024 22:07
A project has been slowly gathering steam to fix blockchain governance called JokeRace — and it’s no laughing matter. On Wednesday the project …
The Block Crypto News29 minutes ago
Foresight
Wednesday
David
Block
Published on July 31, 2024 14:37 GMT+00:00edited on July 31, 2024 14:54 GMT+00:00
A project has been slowly gathering steam to fix blockchain governance called JokeRace — and it’s no laughing matter. On Wednesday the project announced it has raised $3 million in fresh capital, in a round led by Maven 11 and approximately 30 angel investors (adding to the 100 backers that funded their seed round).
The three-person team has built an easy-to-use, no-code app that allows developers to launch onchain contests and hackathons as well as issue grants and other incentives to community members. The idea is to incentivize participation in whatever particular project a user thinks is meaningful by offering crypto rewards.
JokeRace launched last year and is live on over 90 chains. It has built a solution to launch on any EVM-compatible platform “in a matter of minutes” and is …