PartyDAO announces $16.4m fundraising round led by a16z crypto

PartyDAO, a Web3 company focused on building 'multiplayer' crypto products, has raised $16.4 million in their latest funding round, led by a16z crypto.

PartyDAO is already known for their first product, PartyBid V1, a protocol that allows people to buy NFTs together as a group. In taking a single "player" experience and transforming it into a multiplayer one, PartyBid V1 lays the ground work for future crypto products to adopt this paradigm.

Up until this point, PartyDAO has only been funded by its own members and on-chain revenue. This new funding gives the company a greater ability to tackle their future goals, including solutions to governance systems, on-chain accounting and secure code execution.

If you are interested in joining PartyDAO as a contributor, you can see their open roles here.