MetaDAO launches Backable, a permissionless fundraising platform on Solana
- —Backable has attracted $44.2 million in commitments from 2,407 backers
- —The median contribution is approximately $500
- —Twelve successful raises have brought in roughly $728,000 combined
- —MetaDAO performs no vetting, leaving due diligence to backers
Why it matters: The platform tests an escrow-and-refund crowdfunding model that shifts risk away from backers on Solana.
Source: Crypto Briefing