XDAO

XDAO positions itself as a comprehensive framework for creating and managing Decentralized Autonomous Organizations (DAOs). The company was founded in 2021 by Vladislav Shavlidze, Zurab Shavlidze, and Egor Gavrilov. The founding idea emerged in 2019 when CEO Vladislav Shavlidze, who has a background in law and has been involved in the crypto industry since 2018, identified a market need for a simpler way to create and manage organizations on the blockchain. He found existing DAO builders too complex for users without programming skills. He was joined by his brother, Zurab Shavlidze, who has experience in business and government agencies, and Egor Gavrilov, a mathematician and experienced DeFi developer, who took on the role of CTO.

The platform enables users to create a DAO in minutes for various purposes, including treasury management for DeFi projects, venture capital funds, investment pools, and NFT collector groups. XDAO operates on a multichain basis, supporting numerous blockchains like Ethereum, BNB Chain, and Polygon. The business model centers around providing tools for groups to control a mutual treasury, manage assets through voting, and interact directly with DeFi protocols. This addresses the challenge of joint budget management in a decentralized environment. Revenue is generated through fees associated with using the platform's advanced features and services.

The core service is a no-code, customizable DAO builder. Key features include a hybrid voting system designed to reduce gas fees without compromising security, a modular architecture allowing DAOs to add functionalities like dividend distribution, payroll automation, and launchpads, and direct interaction with any DeFi protocol via XDAO Connect. This allows organizations of any size to manage digital assets, distribute salaries, handle charitable activities, and jointly participate in investment opportunities like IDOs. The platform aims to make DAO creation accessible to a broader audience, removing the technical barriers that previously limited participation to those with coding knowledge. In November 2022, XDAO raised $2.3 million in a seed funding round, achieving a valuation of $50 million.

Keywords: DAO builder, decentralized autonomous organization, treasury management, multisig wallet, DeFi investment platform, no-code DAO, multichain DAO, crypto asset management, joint venture crypto, Vladislav Shavlidze, Egor Gavrilov, Zurab Shavlidze, blockchain governance, hybrid voting, modular DAO, XDAO Connect, crypto salary payments, DeFi project management, NFT funds, GameFi guilds, crypto investment pools