Gelato Network is a decentralized backend for web3, offering automation, gas optimization, and off-chain operations for smart contracts. Its Rollup-as-a-Service (RaaS) platform supports over 50 rollups with built-in web3 services. Governed by a DAO, GEL token holders influence decisions through proposal discussions and Snapshot voting. The GEL token, with a total supply of 420,690,000, is allocated to community development, the team, private investors, and public sale. Gelato has raised $23.2 million in funding to expand its RaaS platform and enhance scalability for leading web3 projects.
Farcaster distinguishes itself as a decentralized social network built on an open protocol, facilitating seamless identity transfers across applications and enabling Ethereum-linked messaging with NFT functionalities. Currently without its own token, there's buzz about an upcoming airdrop. Governed by a rough consensus and running code, it involves a collaborative process among developers, hub runners, app developers, and users, with decisions made through the Farcaster Improvement Proposal (FIP) process. Financially supported by a $30 million funding round led by a16z and including notable investors like Coinbase Ventures and Multicoin Capital, Farcaster stands out for its innovative approach to governance and strong backing, marking its place in the decentralized social networking realm.
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