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MetaDAO has successfully raised $2.2 million in funding from venture capital firm Paradigm and angel investors. This funding will support the development of its innovative governance model known as futarchy, which utilizes prediction markets to determine the outcomes of proposals. Participants in the system bet on proposals using the META token, allowing market dynamics to influence decision-making. The funding round has garnered attention as it coincides with a growing interest in prediction market betting, particularly in the context of the upcoming 2024 elections. Key figures involved in this initiative include @metaproph3t and @metanallok, who have been recognized for their potential to significantly impact the industry.
METADAO TO DEVELOP PREDICTION MARKET-BASED GOVERNANCE MetaDAO, a Solana-based project, has raised $2.2 million in funding from Paradigm, focusing on a unique governance model called futarchy. This model uses prediction markets to decide outcomes, with market participants… https://t.co/U2XIjPdfKT
PARADIGM INVESTS $2.2M IN METADAO TO USE PREDICTION MARKETS FOR DECISIONS In this system, people bet on proposals using the META token, and the market decides if a proposal passes. It’s a fresh take on governance that’s catching attention, especially with the 2024 elections… https://t.co/7vN9rZBTY5
Are you ready for "futarchy"? Governance experiment MetaDAO has raised $2.2 million from VC Paradigm and angel investors amid a surge in prediction market betting. https://t.co/uUHidju4Kf