The investment round was led by Karatage and Paper Ventures to expand the project’s social-first model.

Dare Market, a challenge-based platform operating on the Solana blockchain, has completed a $2 million funding round co-led by Karatage and Paper Ventures. The project, which first launched in September, allows users to post and complete various tasks in exchange for crypto rewards.

The platform’s model centers on social engagement. Users can accept challenges created by others, but to receive their reward, they must share proof of completion on social media. Additionally, individuals can design their own challenges and commit to completing them once specific fundraising goals are met by the community. Dare Market sustains its operations by charging a 6.9% commission on the bounty paid out for each successfully verified challenge.