A brief history of PartyDAO


A screenshot of Denis's tweet: "wouldn't it be cool if you could deploy an automatic DAO to bid on an NFT auction?"

So a week after the initial concept, the startup has closed their seed round.

Screenshot of Mirror crowdfund results, showing how much was raised

Platforms like Mirror (for crowdfunding) and Snapshot and Boardroom (for governance) combine beautifully with GitHub, Figma, Discord and other pieces of the modern product development stack. They are all remote, async, and open-source/”work in public”-friendly.

Next up:

So less than a month later, PartyDAO is a brand new, cooperatively-owned, collectively-governed startup. There’s a team, there’s money in the bank, and the development engines are firing on all cylinders. The code is all open-source, the process is all open to the public. The team is doing livestreams and recording a podcast. I am impressed.

In particular, John Palmer has been an excellent organizer and communicator for the project. Among other duties he’s been sharing weekly updates that are dramatically better than what I’ve seen at both venture-backed startups and comparable open-source projects. His What is PartyDAO post does a great job capturing what is special about this group:

PartyDAO has two primary mandates.

  1. Ship PartyBid, a product for collective bidding on NFTs
  2. Build PartyDAO itself into a long-lasting organization that can fund its own continued existence

PartyDAO is different from many DAOs that have come before it. To date, DAOs have mostly been synonymous with a treasury of funds + group voting on where to send those funds. PartyDAO aims to be something more fun: we are a fully decentralized organization that actually ships products.

  • PartyDAO by @jpalmz on party.mirror.xyz

Time to ship