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1.1 KiB
Markdown
29 lines
No EOL
1.1 KiB
Markdown
# P2P Protocol
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**Type:** Company
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**Domain:** Entertainment
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**Status:** Active
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**Founded:** ~2024
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**Founder:** Sheldon
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## Overview
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P2P Protocol is a peer-to-peer platform that raised capital through MetaDAO's permissioned launchpad structure. The company attracted attention in July 2025 when its founder placed bets on Polymarket predicting the ICO would reach $6M in commits, creating a conflict of interest controversy.
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## Business Metrics
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- **Monthly Volume:** $4M (as of July 2025)
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- **Growth Rate:** 27% MoM over 16 months
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- **Revenue:** $550K yearly run rate
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- **Fundraise Target:** $6M in commits
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## Founder Background
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Sheldon previously built and exited a food delivery business that reached $2M in run rate before being acquired by a large Indian food delivery app.
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## Timeline
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- **2024** — P2P Protocol founded
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- **2025-06** — Founder placed bet on Polymarket that P2P would reach $6M ICO commits
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- **2025-07-11** — Public disclosure of founder's Polymarket position begins circulating
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- **2025-07-13** — metadao-p2p-polymarket-conflict MetaDAO addresses controversy, extends sale 2 days, offers refunds but does not cancel raise |