and the distribution of digital products.
Investment Sorcery: MetaCartel Launches DAO Venture Fund
Venture capital is the latest industry to get a taste of decentralized governance. Peter Yuan Pan announced the launch of MetaCartel Ventures, a decentralized autonomous organization that will invest in the Ethereum ecosystem.
DAO as a Community of InvestorsIn true crypto spirit, the MetaCartel community is difficult to trace. What began as a project focused on meta transaction technologies within the blockchain space has now evolved into a funding engine for Ethereum-based dApps. These first steps manifested in the first fork of another DAO experiment called Moloch DAO.
Both Moloch and MetaCartel are experiments in using crypto-native business models to provide grants for projects in the ecosystem.
Since February 2019, Moloch has granted over $120,000 in resources to 17 different projects. MetaCartel has done much of the same since launching in July 2019. Grants have supported blockchain-based conference ticketing, coordinating meetups, DeFi business models for dApps, and several other initiatives.
In the latest experiment, MetaCartel has launched MetaCartelVentures (MCV), “a for-profit investment DAO coupled with a legal entity.”
RISE @VENTURE_DAO 