Simply put
- Dare Market bills itself as the “freest platform on the internet” because it provides a place for people to do goofy stunts and get paid.
- However, Dare Market says it has strict moderation policies and does not allow dangerous content on its site.
- The project has raised $2 million in a pre-seed round led by Kartage and Paper Ventures.
A man shouts.What the hell? ” He posted a video on social media inside the store, smiling as he watched the Solana token enter his wallet. This future is possible thanks to Dare Market, a newly launched cryptocurrency-powered platform aimed at helping creators monetize their viral stunts.
There are two ways to fund a challenger. The first allows users to post challenges with prizes attached. Individuals then post a video of themselves accomplishing the challenge on social media, and the proposer chooses a winner.
Otherwise, users can set up their own challenges to run as long as the platform can raise the specified amount via the “Fund-My-Dare” feature. If 69% of the challenger’s funders authenticate the user’s challenge, the deposited USDC or SOL will be released.
“Dare is the Internet on steroids,” said Isla Rose Perfito, founder and CEO of Dare Market. decryption. “It offers the two things this generation wants most: money and fame. Now, anyone can post a challenge or take a challenge and get paid. For brands and creators, it’s a live lab for cultural moments, evidence-based entertainment where audiences are active participants, not just spectators.”
Perfito explained that challenges can be customized to only apply to one person (a prominent streamer, for example), or the prize money can be split among multiple users. The Dare Market platform receives 6.9% of the bounty upon settlement.
This idea reflects the idea of the world’s darkest moments. pump fanSolana meme history when coin launch pads spawn crazy stunts. human and animals at risk. one streamer literally set himself on fire His DARE meme coin, and then Theory of creating a bold platform 2016 movie “nerve”, but in the end it didn’t happen.
The trend has gotten so out of hand that “Black Mirror” parodied the concept. In April, it depicted a site where users were being paid to perform increasingly extreme stunts.
However, Dare Market claims that its platform poses no such challenge. Pelfitto said. decryption Acts that “endanger individuals” or “encourage self-harm” [or] That’s because before challenges are posted, they are run by an automated moderation system and also reviewed by real humans.
“I think that’s it.” [expectation] For some companies and individuals, in order to go viral, they have to do something really stupid, at the expense of people and themselves. And that’s not true,” Perfitto said.
In this spirit, Dare Market has closed a $2 million pre-seed funding round led by Karapage and Paper Ventures with participation from NBA stars. tristan thompson, Cryptocurrency influencer anthemgambling company super group.
As of today’s launch, the platform will have several challenging markets funded by companies looking to promote their brands. For example, one is hosted by a company called. Amazing leaguethis is emboldening people to exclaim, “What the heck?” in public in exchange for funds.
Similarly, last month, a little-known project known as POIDH (short for “If I didn’t take a picture, it didn’t happen”) put a $28,000 meme coin prize on breaking the Guinness World Record for most skateboarding kickflips in one minute. A man named Dave Baczynski ended up breaking the record and winning the meme coin award.
You can see the type of content Dare Market seeks to promote through its sponsored creators. For example, creator Penofein records that he has the following symptoms: false argument in public, prank callerand sneak into the office— pretty harmless fun.
“I like to call [Dare Market] In a sense, it is the opposite of a polymarket. Because in Polymarket, Kalshi, or traditional prediction markets, you are betting on the outcome of a scenario using your capital. They have proven to be a great truth marketplace,” Perfito explained, labeling the challenge the opposite of truth, thanks to the popular party game “Truth or Dare.”
“Now, it makes more sense than ever, because attention is one of the rarest resources on the internet, and everyone is fighting for it. It’s one of the hardest things to get, and it’s nearly impossible to keep,” Parfit said. decryption. “Dare Market solves that.”
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