Metagood, a for-profit social impact NFT startup, announced that it has raised $5 million in its pre-seed round.
About the Pre-Seed Round
Metagood, which recently organized a pre-seed investment round, announced that it has received $ 5 million in funding in this round. Participants in the pre-seed investment round included Animoca Brands, Morgan Creek Capital founder and CEO Mark Yusko and Virgin Group investment manager Freddie Andrewes.
Bill Tai, Co-Founder and Chairman of Metagood, said“ “We launched the company on the concept of using NFTs as an expression where everyone does good things for each other and the good stuff is tokenized and exchangeable,”
The company has launched its flagship NFT collection OnChainMonkey to the community to create tokenized value for its members. It also aims to give members a chance to promote and finance social benefit projects through the DAO, which has raised 2,000 ETH in just one year.
Amanda Terry, the co-founder of Metagood, said: “Its DAO distributed 70 ETH, or about $90,000 at current prices, to 42 projects across 10 weeks in its Season 1.”
Some of these projects support the evacuation of Afghan refugees to Italy, while others include financing the rehabilitation of a skate park in Rio de Janeiro, Brazil, with artwork from OnChainMonkey.
Bill Tai said: “Holly Branson sees this as a vehicle to extend what she’s doing,That’s the common theme here. Culturally, we attract good-hearted people that want to lead the world into better places.”
The startup will use the funds from the investment round to grow the company, add new people to its team, and build the OnChainMonkey community and tools.
About Metagood
Founded by crypto and Non-Fungible Token (NFT) veterans, Metagood is a for-profit company that strives to build a better future for Web3 while doing good along the way. Through its first NFT project OnChainMonkey, Metagood has simultaneously created value for its community members and contributed to several important causes
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