We are excited to announce the completion of a pre-Seed round of fundraising for meTokens through the incubation program at DAOSquare Incubator.
This round was summoned by DAOSquare Incubator, with investors Noah S. Jessop (Proof Group), Secp256, LD Capital, Youbi, NGC, HunFan Labs, MetaCartel Ventures China, Adam D’Augelli (True Ventures), MetaCartel core member Yalor, and DAOSquare summoner Typto.
The funding of meTokens is the first and important step for DAOSquare in its path to becoming a web3 incubator. In the next stages of incubation, DAOSquare will focus on helping meTokens to develop product and community growth.
Why meTokens?
Web2 was an era of organizations represented by companies, so people invested in the future potential of companies. Web3 is an era of individuals represented by communities, so we would like to invest in the future of individuals. This is a concept that meTokens truly fits.
We have been thinking about and exploring the future of Social Token since 2019. Our main thesis was always that the real value and meaning of Social Token are rooted in social collaborations, rather than embodied solely by influencers and celebrities.
In a 1998 speech at the University of Florida’s College of Business, Warren Buffett said:
“Think for a moment that I granted you the right — you can buy 10% of one of your classmate’s earnings for the rest of their lifetime.”
This was the original vision of “investing in the future potential of the people,” but it didn’t happen in the Web2 era due to limitations of incentives. Today is a perfect time. We now have the ability to invest in people directly — both in those we know around us and in the trustless infrastructure that enables these investments. Plus, we are able to leverage already existing value-generating infrastructure to further amplify these investments (e.g. DeFi).
From a more macro perspective, we are placing our bets that the greatest era of individual value creation is just ahead of us. The trend of people leaving the corporate labor market to join vibrant communities to realize their personal value is only accelerating. In the near future, collaboration between individuals and communities will become the primary source of value creation. Furthermore, it will become the primary source of new innovation. This is broadly an evolution of social structures.
There is a popular saying from the early days of the Web2 wave:
Youth explore Databases, find friends in forums.
Modernized for the Web3 era, it is now more appropriate to say:
Youth explore Ethereum, find friends in DAOs.
However, the core spirit will never change:
TO BE YOUNG AND ONLINE
Always stay young, always explore ahead, and you will reap the rewards from the future!
About meTokens
meTokens is a protocol for issuing personal tokens, which leverages DeFi for security and value creation. Create your own meToken, or buy the meTokens of other people in order to benefit from when they become more popular or productive. Discover your true value. Invest in the success of other people.
Website: Coming Soon…
Twitter: https://twitter.com/meTokens
Discord: tinyurl.com/meTokensDiscord
Forum: Coming Soon…
About DAOSquare
Born out of the well-known Ethereum community, MetaCartel, DAOSquare is dedicated to building an incubator which aims to be the Y·Combinator of Web3.
Website: https://daosquare.io
Incubator: https://incubator.daosquare.io
Twitter: https://twitter.com/DAOSquare
Discord: discord.com/invite/wtgQN5C
Forum: https://forum.daosquare.io
Media: https://dao2.io
