MetaDAO Project launches Backable, a global fundraising platform on Solana

Solana: Solana is a high-performance blockchain platform optimized for speed, low costs, and scalability in decentralized applications, particularly in DeFi, NFTs, and token launches. It serves as the underlying infrastructure for MetaDAO Project and its Backable platform, providing the rails for on-chain raises, escrows, and governance mechanisms. Recent ecosystem activity highlights Solana's role in enabling innovative permissionless tools like Backable for founder fundraising. Backable: Backable is a permissionless global fundraising platform on Solana, recently rebranded from Futardio and publicly introduced by MetaDAO on October 5, 2026. It allows any founder to open a raise with funds held in escrow, automatic refunds if goals are missed, and release of capital to teams only through capped monthly budgets. The platform emphasizes open access without curation or KYC for teams, enabling community-backed capital formation for new businesses and ideas. MetaDAO Project: MetaDAO Project is a governance and fundraising protocol on Solana that uses futarchy, where prediction markets drive decision-making for proposals and fund allocation instead of token-weighted votes. It has developed tools for on-chain organizations, including treasury management and permissionless capital raises that enforce budgets and refunds. The project directly built and launched Backable as its latest product to expand permissionless fundraising options for founders. Fundraising Model: Backable employs escrow mechanics where backers' commitments are protected until raise goals are met, with excess funds refunded automatically and successful raises disbursed via monthly team budgets. Ecosystem Expansion: The launch aligns with broader Solana ecosystem growth in decentralized capital formation tools, positioning Backable as a new channel for community-driven support of early-stage projects and ideas. Governance Approach: MetaDAO integrates futarchy-based prediction markets to govern fund releases and proposals on its platforms, allowing market participants to bet on outcomes rather than relying solely on votes.