Solana-based project Dare Market has secured a $2 million pre-seed funding round led by Karatage and Paper Ventures, with participation from NBA star Tristan Thompson, crypto influencer Ansem, and gambling firm Super Group. The platform, which describes itself as "the most unhinged platform on the internet," enables users to post, accept, or fund dares using cryptocurrencies like USDC or Solana's native token, SOL, turning internet culture into monetized, viral moments.
Launched in September 2025, Dare Market allows individuals to complete dare tasks posted by others, sharing proof on social media in exchange for a bounty reward. Alternatively, users can set their own dares through a "Fund-My-Dare" feature, where funds are released if 69% of backers validate completion. The platform charges a 6.9% commission on each successful dare settlement. CEO Isla Rose Perfito emphasized that the product meets cultural demands, stating, "It offers the two things this generation wants most: money and fame. For brands and creators, it's a live laboratory for cultural moments—proof-based entertainment where the audience isn't just watching; they're active participants."
Adoption has been notable, with brands like WTF League leveraging the platform for marketing campaigns. In one instance, a project called POIDH offered a $28,000 bounty for breaking the Guinness World Record for kickflips, which was successfully claimed. The platform employs automated and human moderation to block dangerous or harmful content, ensuring safety. While drawing parallels to prediction markets like Polymarket and Kalshi, Dare Market focuses on user-driven stunts rather than betting on outcomes, positioning itself as an inverse model in the crypto ecosystem.
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