what's PartyDAO?

PartyDAO is a decentralized protocol and app designed to enable multiplayer interactions in the Ethereum ecosystem, allowing groups to coordinate on-chain for activities like crowdfunding, token launches, and NFT acquisitions. It originated as a DAO focused on creating pop-up groups for collaborative NFT bidding through mechanisms like PartyBids, where participants pool ETH to compete in auctions without traditional trust issues. The project emphasizes social and fun elements in crypto, addressing limitations in NFT markets by enabling shared ownership and decision-making via smart contracts. The Party Protocol powers these interactions, supporting features such as token-gated communities, bonding curves for membership, and seamless integration with platforms like OpenSea. Users can create or join "parties" or "rooms" for collective actions, with built-in chat and wallet functionalities. PartyDAO prioritizes originality and flexibility, building both protocol-level tools and user-facing products to foster new forms of on-chain coordination, all while maintaining a lean, community-driven structure.