MetaDAO Launches Consumer App Funding Program; First Project Plans to Raise $100,000

TechFlow report, November 5: According to disclosures by MetaDAO, it has launched the MetaDAO Apps Program, a funding program for consumer app founders. Compared with its usual funding activities, the program offers smaller funding amounts for apps and allocates a lower proportion of token supply to supporters.

Founders can begin selling earned tokens earlier, subject to performance milestones and sale restrictions. The first project is SAT preparation app 1609SAT, which plans to raise $100,000, with MetaDAO contributing $50,000. MetaDAO said the app had more than 400 paying students in its first three months and generated monthly revenue of about $5,000.

Source: TechFlow