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Confetti is a blockchain-based social opinion market platform that allows users to create and participate in voting contests on subjective topics. Users can purchase votes to support their preferred entries, with most of the voting fees flowing into a reward pool distributed by final ranking and voting timing, where early voters earn higher returns through a price curve. Creators can launch a contest in about one minute and set custom fields (such as text, numbers, or token addresses) to collect structured data. The platform supports multiple blockchain networks, with all operations recorded on-chain for transparency.
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About Confetti
Confetti is an on-chain reputation governance platform built on Ethereum. Its core business is to convert user participation into reputation through a staking mechanism, where users stake ETH to earn reputation, and the reputation determines voting power in governance. The platform introduces a "reputation multiplier" mechanism that allows early participants to gain higher weight, and its 2.0 version further launches a "reputation market" that allows trading reputation, making reputation an asset.
Its core narrative is "reputation as influence," aiming to replace the traditional token-holding-based voting model with a reputation-based one. The market pain point it addresses is the "plutocracy" problem in DAO governance: traditional token voting gives whales absolute control, while small holders have no voice. Confetti tries to solve this by allowing active participants to gain governance weight through behavior rather than capital, while the staking mechanism resists Sybil attacks.
Regarding development in the past six months (2026-03-07 to 2026-09-07), Confetti launched its 2.0 version, introducing the reputation market concept, which allows users to trade reputation. The platform also expanded its cooperation with several DAO projects to promote the application of reputation systems. However, there is no reliable public information about major negative events in the past two years, and the overall development progress is relatively quiet, with limited significant milestones disclosed.
In 2022, the project launched as JokeRace, initially for on-chain community voting and hackathons, later evolving into a governance contest platform for various communities.
In 2023, it completed a $3 million funding round with participation from Maven 11 and around 30 angel investors, used to expand multi-chain deployment and product iteration.
In 2025, it introduced voting price curves, allowing early voters to earn higher rewards, shifting the platform from a governance tool to an incentive-driven opinion market.
In 2026, it rebranded to Confetti, officially positioning itself as an "opinion market," launching create-and-earn features, and expanding cross-chain scenarios, becoming infrastructure for community coordination and reputation verification.
Over the past six months, Confetti has focused on scaling its on-chain reputation governance platform. Key developments include the expansion of its 'vote-to-earn' mechanism across more than 25 EVM chains, with cumulative rewards distributed to voters surpassing $1.5 million. The platform also deepened integrations with Para's embedded wallet SDK to lower onboarding friction for non-crypto-native communities, while maintaining compatibility with RainbowKit for existing wallet users. Official roadmap priorities emphasize: 1) enhancing the price-curve model to further reward early conviction voting, 2) broadening creator tools for contest deployment across diverse subjective decision-making use cases, and 3) strengthening cross-chain interoperability to support multi-chain contest settlements. The team has signaled a shift toward community-driven curation as a core governance primitive, moving beyond prediction markets into reputation-based signaling for DAOs and social platforms. No major protocol upgrades or partnership announcements were made during this period.
David Phelps (Co-founder): Holds a PhD from Yale, previously served as associate editor at the Joseph Campbell Foundation, later entered the crypto space, co-founded EcoDAO, Forum Education, etc., and is now a co-founder of Confetti.
Sean McCaffery (Co-founder): Former data engineer at Flipside Crypto and software engineer at Millennium Advisors, now co-founder of Confetti.