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High Tech Seed Founded 2020

FWB

FWB (Friends With Benefits) is a social decentralized autonomous organization (DAO) that operates as a close-knit community of creators, thinkers, and builders who collaborate both online on Discord and in real life. The organization offers solutions for crypto trading, NFT learning, music production, city channels, and more, with membership requiring users to hold FWB tokens. FWB organizes events including FWB…

📍 Sacramento, United States · Blockchain Infrastructure,

Funding snapshot

Last roundSeed
Amount$3M
Date24 January 2024
Total raised$13M
Team size23

About

FWB (Friends With Benefits) is a social decentralized autonomous organization (DAO) that operates as a close-knit community of creators, thinkers, and builders who collaborate both online on Discord and in real life. The organization offers solutions for crypto trading, NFT learning, music production, city channels, and more, with membership requiring users to hold FWB tokens. FWB organizes events including FWB Fest, a multi-day cultural festival in Idyllwild, California, and runs World Build, a 5-month program for founders creating applications on the World network of 38 million users across 160 countries. The DAO model enables members to participate in governance, access exclusive content and events, and collaborate on projects at the intersection of culture, technology, and web3. Founded in 2020 and headquartered in Sacramento, California, FWB has raised $13 million in seed funding from investors including a16zcrypto, Andreessen Horowitz, Kindred Ventures, Spark Capital, Collab+Currency, and Variant Fund.

Business model

Blockchain Infrastructure > Blockchain Network > Decentralized Social Platforms,

Social Platforms > Interest Based > Technology > Blockchain

Institutional investors

a16zcrypto Andreessen Horowitz Kindred Ventures Spark Capital Collab+Currency Spice Capital Variant Fund

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