Crypto Briefing • October 6th 2026, 11:37 AM
MetaDAO launches Backable, a permissionless fundraising platform on Solana
Key Summary
MetaDAO has launched Backable, a permissionless fundraising platform on Solana, allowing founders to raise capital from supporters worldwide without vetting or curation. The platform has received $44.2 million in commitments from 2,407 backers, with a median contribution of $500.
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Key Takeaways
- MetaDAO launches Backable, a permissionless fundraising platform on Solana.
- The platform has received $44.2 million in commitments from 2,407 backers.
- Backable allows founders to raise capital from supporters worldwide without vetting or curation.
Market & Token Impact
- The launch of Backable may increase accessibility for founders to raise capital, potentially leading to more projects on Solana.
- The permissionless nature of the platform may also increase the risk of scams or failed projects.
Broader Context & What's Next
- MetaDAO's growth beyond futarchy experiment to a framework for community-supported capital formation.
- The potential for Backable to become a significant player in the Solana ecosystem.
- The need for due diligence on the part of backers to mitigate risks.