Illusionist Group Invests in DeepDAO

Illusionist is very happy to announce our investment in DeepDAO - a discovery platform for DAOs and governance systems, centered on analytics and information gathering.

At present, DAOs are emerging popularly in the cryptocurrency financial systems (DeFi). In terms of capital, DeFi is now locking the equivalent of over 1B USD and growing and DAOs are managing over half of this capital. 

DeepDAO, the number one discovery platform for DAOs and governance systems, mainly focuses on analytics and information gathering. Their main dashboard enumerates and ranks DAOs on several key metrics such as membership and assets under management (AUM). Their team is working constantly to expand both coverage of DAOs and DeFi governance protocols, and the metrics that quantify and measure the dynamics of governance processes. 

Talking about DeepDAO, Sang Tran – Investment partner of Illusionist Group said: “We find that providing data such as the tracking price, volume and market capitalization of coins and tokens has made Coinmarketcap and Coingecko extremely valuable and essential. With the emergence of DAO platforms in the midst of decentralization, having big data that collects and organizes a variety of quantitative and qualitative data about DAOs is equally important. DeepDAO is a project which is at the forefront of building a data aggregation platform for the DAO ecosystem. Investing in DeepDAO also means investing in the vision that the crypto ecosystem is aiming for in the near future”.

About DeepDAO Ecosystem

DeepDAO is a discovery platform for DAOs and governance systems, centered on analytics and information gathering. Our main dashboard enumerates and ranks DAOs on several key metrics such as membership and assets under management (AUM). We are constantly expanding both coverage of DAOs and DeFi governance protocols, and the metrics that quantify and measure the dynamics of governance processes. 

DeepDAO currently reports both financial and governance data on 80+ Top DAOs across the five major platforms – Aragon, Moloch, DAOstack, OpenLaw and Colony. All DAOs on our system currently run on Ethereum or xDAI, and we are expanding our coverage to other chains such as Polkadot and Kusama. 

DeepDAO data is being used by major research firms (Delphi Digital, Messari), journalists, VCs, and DAOists across the ecosystem.

About Illusionist Group

Illusionist Group is the capital behind PolkaWarriors – the biggest community of $DOT hodlers around the world. It is a global blockchain and digital asset investment firm, which focuses on ventures, tokens, projects, as well as the growth of the cryptocurrency market. Based in Vietnam, Illusionist Group has extensive history in global fund distribution, combined with our strong relationships and partnerships with investors, venture capitals, leading academic institutions and fund platforms can create values to support technical teams having robust and innovative projects, which helps to grow a larger and stronger blockchain ecosystem.