Unveiling the Open Meta DAO
Following its formation in Zug Switzerland, the Open Meta Association announced that in June of 2021 it raised $4.5 million at a $100 million valuation in a token presale to create Open Meta DAO, which will serve as an organizing body for the growth of an open metaverse built on web3 infrastructure, owned and controlled by the community.
The Open Meta Association was established by Ryan Gill, Founder and CEO of Crucible, a web3 company that designs and creates software to enable game developers to build within the pen metaverse. Its core technology is Emergence SDK, a sovereign portable digital identity for players in blockchain-based gaming which will launch in 2022 on Unity and Unreal Engine. Crucible sits in the Innovation Labwith AAA publisher Ubisoft and is an alum of Outlier Ventures’ Base Campaccelerator.
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The Open Meta DAO will serve as an outlet for its initial 50+ founding members. These members represent different protocols and networks, and together they will use the Open Meta DAO to invest more holistically in blockchain-agnostic initiatives that support the metaverse, both in gaming and the growth of the ecosystem at large.
The Open Meta Association will formally mint the Open Meta DAO in January of 2022 with the distribution of its governance token (“DAO Tokens”) to the founding members from its June presale.
In 2022, Open Meta DAO will host a public sale of its DAO Tokens, creating a treasury to provide transparent grants for community projects that facilitate an Open Metaverse....
See the full story here: https://openmetaverse.substack.com/p/unveiling-the-open-meta-dao?fbclid=IwAR3lMjwOWu7fGpBsb03RZBVQdf-U_3knfHhJrCOu1U9ukC9Ce-fT_-AHefU
