TechFlow News — UpsideDAO, a crypto fund, announced the completion of a $5 million fundraising round, with participation from Melbourne-based digital asset management firm Apollo Capital Management, crypto payment provider Banxa, crypto brokerage Caleb & Brown, and NFT game Zed Run.
According to reports, UpsideDAO operates using the conventional investment concept of unit trusts, managing investments in Web3 projects via a decentralized autonomous organization (DAO) model with transparent on-chain governance. Projects must receive approval from 75% of members to qualify for funding, with a current investment cap of $100,000 per project.Original link




