Mitmerixcrypto launched an investment dao

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Crypto Regulation
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MitmerixCrypto has launched a decentralized autonomous organization (DAO) to invest in Web3 projects.

Representatives of the firm noted that this is Israel's first investment DAO. "Breaking the traditional venture capital model, we will be issuing a token," the head of MitmerixCrypto noted in a conversation with The Block.

He did not specify a timeline for the asset release or details of the tokenomics, but stressed that MitmerixCrypto has about $3 billion in assets under management.

The organization intends to involve local startups in Web 3.0, especially those specializing in infrastructure solutions and cybersecurity. The DAO itself will focus on DeFi, NFT, gaming and meta universes.

According to him, MitmerixCrypto DAO will gradually hand over management to the community.

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Graeme Massie

Graeme is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Graeme believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.