DAO infrastructure SYNDICATE announced the use of ARBITRUM ORBIT to build L3 DEGEN CHAIN and settle transactions using BASE. The project has received investment from A16Z and is conducting a decentralized auction (DA) through ANYTRUST. The GAS token for DEGEN CHAIN is DEGEN, which originates from the largest native MEME coin of FARCASTER, a social application also invested in by A16Z. In February, DEGEN secured a funding of 490.5 ETH led by 1CONFIRMATION.

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Wu learned that Syndicate, a DAO infrastructure previously invested in by a16z, has announced the use of Arbitrum Orbit to build the L3 Degen Chain. Settlements will be conducted using Base, and DA will be facilitated through AnyTrust. It is worth noting that the Gas token for this Degen Chain is DEGEN, which originates from Farcaster, a social application and the largest native Meme coin also invested in by a16z. In February, Degen secured a funding of 490.5 ETH led by 1confirmation.

SYNDICATE announces the use of ARBITRUM ORBIT to build L3 DEGEN CHAIN.