Dare Me? This Solana Project Is Paying Out Crypto for Hilarious Stunts – Decrypt

A person screams “What the fuck?” in a retailer, posts the video to social media, and smiles as he sees Solana tokens enter his pockets. This future is feasible due to Dare Market—a newly launched crypto-fueled platform seeking to assist creators monetize viral stunts.

There are two methods for dares to be funded. The primary permits a consumer to publish a dare with a bounty connected. People will then publish movies on social media fulfilling the dare, and the proposer chooses the winner.

In any other case, customers can set their very own dare that they’ll do so long as the platform can increase a specified sum of money by way of the “Fund-My-Dare” characteristic. If 69% of the dare’s funders validate that the consumer has achieved the dare, then the deposited USDC or SOL can be launched.

“Dare is the web on steroids,” Isla Rose Perfito, founder and CEO of Dare Market, instructed Decrypt. “It provides the 2 issues this era desires most: cash and fame. Now, anybody can publish a dare or do a dare and receives a commission for it. For manufacturers and creators, it’s a dwell laboratory for cultural moments—proof-based leisure the place the viewers isn’t simply watching, they’re energetic contributors.”

Perfito defined that dares may also be personalized solely to use to at least one particular person—for instance, a notable streamer—or the prize cash might be break up between a number of customers. The Dare Market platform takes 6.9% of the bounty at settlement.

The concept echoes that of the darkest moments in Pump.enjoyable’s historical past, when the Solana meme coin launchpad spawned loopy stunts that put people and animals in danger. One streamer actually set himself on hearth for his DARE meme coin, and later theorized making a dare platform impressed by the 2016 film “Nerve,” though it by no means got here to fruition.

The development bought so out of hand that “Black Mirror” even parodied the idea in April, depicting a website the place customers bought paid for performing more and more excessive stunts.

Nevertheless, Dare Market claims no such dares will occur on its platform. Perfito instructed Decrypt that any dares “that places any particular person in hurt’s manner” or is “encouraging self-harm, [or] drug utilization” is not going to make it onto the platform. That’s as a result of earlier than dares are posted, they’re run by way of an automatic moderation system and also will be reviewed by actual people.

“I believe it’s the [expectation] with some companies and people on the market that in an effort to go viral, you must do one thing that’s so ridiculous on the expense of individuals or your self. And that’s simply not true,” Perfito mentioned.



With this ethos, Dare Market has closed a $2 million pre-seed funding spherical led by Karatage and Paper Ventures with participation from NBA star Tristan Thompson, crypto influencer Ansem, and playing agency Tremendous Group.

As of at present’s launch, the platform may have a handful of dare markets funded by firms seeking to promote their manufacturers. One, for instance, is hosted by an organization known as WTF Leagues, which is daring individuals to scream “What the fuck?” in public in alternate for funds.

Equally, final month, a little-known undertaking referred to as POIDH, quick for “pics or it did not occur” put a $28,000 meme coin bounty on beating the Guinness World Document for probably the most kickflips on a skateboard achieved in a minute. A person named Dave Bachinsky ultimately beat the file and claimed his meme coin prize.

The kinds of content material that Dare Market is seeking to promote might be seen by way of the creators that it has been sponsoring. For instance, creator Penofein has recorded himself having pretend arguments in public, prank-calling companies, and sneaking into places of work—pretty innocent enjoyable.

“I wish to name [Dare Market] the inverse of Polymarket, in a manner. As a result of with Polymarket, Kalshi, or conventional prediction markets, you’re betting on the outcomes of situations utilizing capital. They’ve confirmed themselves as nice fact marketplaces,” Perfito defined, labeling a dare because the inverse of a fact due to the favored get together recreation fact or dare.

“Now it makes extra sense than ever, as a result of consideration is among the most scarce assets on the web—everyone seems to be combating for it. It’s some of the tough issues to earn, and nearly unimaginable to maintain,” Perfito instructed Decrypt. “Dare Market fixes that.”