Highlights –

  • Metagood intends to use the received funds to continue developing the community and tools that demonstrate how Web3 technologies, such as NFTs, can be utilized for social impact by the creators, communities and businesses.
  • Animoca Brands, Morgan Creek Capital Management Founder and CEO Mark Yusko, Liquid 2 Ventures, and the Virgin Group Investment Manager Freddie Andrewes have been among the investors in this funding round.

Metagood, a Web3 company that empowers communities to do social good by using Nonfungible Tokens (NFT), announced today that it has raised five million dollars in pre-seed funding.

The company is behind the OnChainMoney NFTs, which are a collection of crypto asset artwork that can be displayed as profile pictures in the same way as the Bored Ape Yacht Club and Cryptopunks collections. NFTs based on blockchain technology, can be owned, bought     and sold; and thus can be used for fundraisers and community building to effect social good.

Bill Tai, the Co-founder, and Chairman of Metagood, said, “We have been able to build a powerful community through our OnChainMonkey NFTs. Our investors see the promise Web3 has for effecting change, and they are supporting that. This investment by such prominent, change-minded individuals will inspire our communities to engage and help us do even more good.”

Animoca Brands, Morgan Creek Capital Management Founder and CEO Mark Yusko, Liquid 2 Ventures, and Virgin Group Investment Manager Freddie Andrewes are among the investors in this funding round.

The actor Owen Wilson, Twitch Co-founder Kevin Lin, Litecoin Creator Charlie Lee and Second Life Founder Philip Rosedale, Axie Infinity Co-founder Jeffrey Zirlin, Crunchyroll Founder Kun Gao and many more are the notable investors who have invested previously.

“Metagood’s mission and vision, which incorporate the values of respect, integrity, sustainability, and experimentation, are vital for building a positive future for Web3, and we are proud to support its mission of making this future more accessible,” said Yat Siu, the Co-founder, and Chairman of Animoca Brands.

In just one year, the organization raised over 2,000 ETH (approximately USD 2.5 million at the current price). The company uses its NFT collections and community to help others raise funds for charities and other groups involved in social impact and humanitarian causes.

OCM Earth, an NFT collection of 1,000 pieces of art, sold for 0.1 ETH, or about USD 125, on March 4, with proceeds being donated to humanitarian aid for those affected by the recent conflict in Ukraine – this is one of the Metagood’s mentionable projects. In addition, the organization held an auction to raise money for the regrowth of reefs in the Coral Vita Coral Conservatory, which is set in the Atlantic Ocean. It collaborated with Future Brilliance to help rescue the famous girl (of the Afghan Girl photo fame) from Afghanistan in the month of November.

On September 29, less than three weeks after the launch of OnChainMonkey, the organization held its first charity auction. The proceeds were all donated to the Giga Connect Project, which provides internet access to schools worldwide. Roham Gharegozlou, the Creator and CEO of Dapper Labs, won the auction for the NFT artwork that was donated by community member, @p0lynice of OnChainMonkey.

The company intends to use the funds to continue developing the community and tools that demonstrate how Web3 technologies, such as NFTs, can be utilized for social impact by the creators, communities and businesses.