Welcome to the official newsletter from Merit Circle.
In our previous newsletter, we gave yet another update of three of our lovely portfolio projects, shared the wonderful news about the newly launched staking portal, and about MIP-20, the proposal that burned 200 million $MC. Since then, we’ve recapped the year 2022, present yet another treasury update and have some interesting proposals that came along.
Read on as we summarize what’s been happening and what’s to come…
Portfolio update
We’re proud to work with dozens of amazing partners across the world who are all contributing to the web3 gaming space in their own way. We’re regularly receiving updates from these partners on development, market analysis and everything in between. To give our community some more insight, we will be highlighting three portfolio projects in each newsletter.
Castle of Blackwater
Last weekend, community members of web3 social deduction game, “Castle of Blackwater” were given a first glimpse of the game. In this early prototype, players were able to playtest 7 unique characters in a brand new social deduction experience that combines the action and excitement of the popular game “Among Us” with the strategic complexity of “Town of Salem.”
Some players were running around the magical castle completing tasks and solving murders, while others were causing chaos and secretly eliminating their enemies. The COB team concluded the weekend excited, and with a ton of great feedback to focus their further development. Want to be part of the next event? Join their Discord.
Flair Finance
Our friends over at Flair are truly staying busy building out their product, and have now integrated credit-card and cross-chain payment solutions, to make on-boarding easier for players. Seamlessly buy any NFT or token with just a credit-card and email; no wallet, crypto or blockchain knowledge required to make it an easy transition to web3.
Additionally, anyone can now purchase NFTs or tokens with whatever currency they prefer, Flair will do the swapping for you. They’ve been constantly onboarding new games and are including more web3 features such as scalable smart contracts, relayer APIs and wallet solutions. Interested to learn more? Head over to their website, or discord.
Treasury report
To properly show what we have been doing in terms of handling our treasury and the funds raised, we share a monthly treasury report. This report includes all the ins-and-outs of Merit Circle financially.
Read the full report here.
The Merit Circle Grants
In late December last year, the Merit Circle DAO accepted MIP-21; ‘Merit Circle Grants’. In this proposal, the DAOCoreContributors suggest the introduction of a new grant system to stimulate creativity and productivity within the DAO. To quote from the proposal;
Applications for the grants will open in the next following weeks and be conducted via the Merit Circle ecosystem purpose trust. In the meantime, read through the full proposal to know what to expect.
Time to rep Merit Circle
A widely debated topic within Merit Circle is the creation of merchandise. We got all these people across the globe working hard every single day to add value to Merit Circle, talking about this orange coin, but is it enough to tell people how amazing Merit Circle really is? Daandegreef didn’t think so. In MIP-22, Daan proposed to create a unique set of merchandise.
Later this month, we will be presenting a ‘Merit Circle Tactile NFT’. Using this, NFT holders will be given the opportunity to choose the size of the items in their box, and have it shipped to an address of their choice, anywhere in the world. Thereafter, production starts and the expected delivery is roughly the end of Q1.
Want to know more? Read the full proposal to know if you’re eligible to receive a package!
Together, we grow
It’s with excitement that we enter this new year. After such an eventful year that we’ve lived through together, it’s time to sit back and enjoy the freshness of 2023. We’re determined to make it a year full of launches, cooperation and growth. In the upcoming weeks, we will be sharing an outlook for each vertical as to where we stand, and what you can expect.
Again, thanks everyone for your support. Together, we’re changing the game!
Our next newsletter will be sent early March.
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, financial or tax advice. You should consult your own advisers as to those matters. References to any digital assets and the use of finance-related terminology are for illustrative purposes only, and do not constitute any recommendation for any action or an offer to provide investment, financial or other advisory services. This content may not under any circumstances be relied upon when making a decision to purchase any digital asset referenced herein. There can be no assurance that the investments mentioned herein will be profitable. The digital assets referenced in this report currently face an uncertain regulatory landscape in several jurisdictions. The legal and regulatory risks inherent in referenced digital assets are not the subject of this content. The content speaks only as of the date indicated.