buidlPrice

(BUIDL)

The term BUIDL in the Web3 space primarily refers to two distinct projects: a high-profile institutional fund from BlackRock and a community-driven DAO associated with the dev.fun platform. The most globally recognized entity is the BlackRock USD Institutional Digital Liquidity Fund, commonly referred to by its ticker BUIDL. Launched in March 2024, it represents a major bridge between traditional finance and blockchain technology. This project is a tokenized money market fund that operates on public blockchains including Ethereum, Solana, Aptos, Arbitrum, Avalanche, Optimism, and Polygon. It is designed specifically for institutional and qualified investors, allowing them to earn U.S. dollar yields while holding assets on-chain. The fund invests 100 percent of its assets in low-risk, highly liquid instruments such as U.S. Treasury bills, cash, and repurchase agreements. A key feature of this project is that it distributes dividends daily, which are paid out monthly as new tokens directly to the investors' whitelisted wallets. The project utilizes Securitize as its tokenization platform and transfer agent, while BNY Mellon serves as the custodian. Separately, there is a Web3 project known as buidlDAO, which uses the token ticker BUIDL. This project serves as the operating decentralized autonomous organization for dev.fun, a platform designed to let users create live applications instantly using AI. The project is centered around the vibecoding movement, which focuses on making application development accessible to non-coders by allowing them to describe their ideas in plain text to generate functional apps. The buidlDAO ecosystem features a partner program and an accelerator that provides technical resources and mentorship to builders. Holders of the DAO's token can participate in governance and gain exposure to the growth of the dev.fun ecosystem, which includes revenue-sharing mechanisms and viral app launches. This version of the project is primarily active on the Solana blockchain. In a broader sense, BUIDL is also a common industry term derived from build, similar to how HODL is used for holding. It serves as a call to action for the cryptocurrency community to focus on creating useful products, protocols, and infrastructure rather than solely focusing on price speculation. Many hackathons and developer initiatives adopt this name to emphasize the importance of development and long-term utility in the blockchain space. Learn more

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