Tally Protocol, an infrastructure provider for decentralized autonomous organizations (DAOs), has successfully raised $8 million in a Series A funding round. Appworks and Blockchain Capital co-led the round, with participation from BitGo. The funding will be used to continue building Tally Protocol’s software stack, enabling on-chain governance for blockchain projects.
Tally Protocol’s infrastructure brings powerful on-chain governance to DAOs. As a result, blockchain projects can achieve the kind of transparency and decentralization that’s core to the ethos of the technology. High-profile projects like Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol, and Hyperlane all use Tally Protocol. As the market shifted, the platform quickly ramped up its features to accommodate projects building on Ethereum and Solana equally.
Dennison Bertram, CEO and co-founder of Tally Protocol noted how inclusive their offerings were.
We've built this complete stack of software for operating these on-chain organizations. We can take you from your idea to launching your token, to distributing your membership or ownership, all the way to the value accrual for your protocol. - Dennison Bertram, CEO and co-founder of Tally Protocol
Tally Protocol offers a robust suite of tools specifically designed to simplify the process of launching and managing on-chain organizations. These tools include token creation, membership distribution mechanisms, and value accrual mechanisms.
The company’s technology stack offers a one-stop-shop solution for organizations looking to work on-chain. It can make their operational execution much simpler and less expensive than traditional company hierarchies.
What Dennison Bertram imagines as a future is that on-chain organizations could become large and powerful enough actors to compete with nation states.
