#26 - March 2023 DAO Progress update
#26 - March 2023 DAO Progress update
Welcome to the 9th official newsletter from the Merit Circle DAO
Welcome to the official newsletter from the Merit Circle DAO.
In our previous newsletter, three new updates from our portfolio projects passed by, we recapped the year 2022 and we shared two interesting proposals. Since then, we’ve shared our outlook for each vertical, presented Merit Circle Tactile and a new vision for Edenhorde.
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.
Azuro
The passionate team over at Azuro has recently launched ‘Azuro v2’ on Polygon. This second iteration of Azuro acts as critical on-chain infrastructure concentrating and dispersing liquidity for betting on-demand. It can support a vast selection of markets with deep liquidity, no transaction limits, LP open to the public and LP protection via slippage.
Second of all, they have launched Azuro Score, the first opportunity to earn $AZUR tokens. This new function enables anyone to get points towards their Score. Points will be convertible to tokens after the launch of the token. For more details go here.
Civitas
Community-driven, 4X strategy MMO Civitas is on a roll. After building a thriving community in the last year, it’s time for some releases. To structure what they’re working on, Civitas has created a development roadmap. This includes various exciting topics like an AR application, reveals about the gameplay and eventually at the end of the year a closed access release.
To get a little sneak peak of the gameplay we can expect, check here.
Shrapnel
The power of a good game is more than having fun gameplay. You want to captivate your audience in extensive lore that goes beyond cool characters. Living up to this ethos, Shrapnel took it upon themselves to truly create their own world. With five comic books, fan fiction contests, an animated game trailer and now a live-action short film.
Besides loving visuals, the studio has been hard at work to bring a playable game to a device near you. In a recently shared video you can see some exclusive game footage and a behind-the-scenes look of the studio itself!
Before we forget, there’s an upcoming mint around the corner, so make sure to sign up!
Newly formed partnerships
We are constantly looking for new potential investments and partnerships to broaden our operations. Since our latest newsletter, we formed a strong set of partnerships that we’re more than delighted to share with you:
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 the Merit Circle DAO financially.
A small quote that summarizes the treasury report of the previous month:
“In the past month the treasury decreased from $97,150,632 in January to $96,513,151 at the end of February, a 0.6% decrease from the previous month.”
Read the full report here.
Looking forward into 2023
In the early days of the new year, we shared the outlook for the coming year. This memo was originally published internally, but preaching transparency and decentralization, we made it public. You can read the full announcement here.
The weeks that followed, we shared a detailed outlook for every single vertical. These can be found below with a short insert as to what they dive into.
Gaming – Year full of gaming – Growing our gaming audience
Studios – Creating value all around – Launching value accruing products
Investing – Steady wins the race – Reducing risk while remaining exposure
Marketplace – It’s time for Sphere – The launch is getting closer
Merit Circle Grants
We’re excited to share that we have officially launched the Merit Circle Grants system. This program offers enthusiastic members in our DAO and beyond a chance to pitch in and help contribute towards the development of the Merit Circle ecosystem. In collaboration with a wonderful committee and Wonderverse, we are now accepting applications.
The DAO offers two types of grants that are currently available;
Research grant - Max $10,000 per applicant: The intent for this grant is to lead up to a larger proposal, on which the community will vote. This will be for proposals exceeding the limits of this grant.
Development grant - Max $25,000 per applicant: The intent for this grant is to compensate developer(s) for the expenses that are incurred while working on their project.
Ready to apply? Head over to Wonderverse right now!
Merit Circle Tactile
Proud as a rock, we introduced Merit Circle Tactile, an exclusive set of 650 merchandise packages for the community. These packages include a variety of clothing items such as a T-shirt, hoodie, cap and a scarf. These packages have been distributed among our community members, partners and industry professionals.
As the first phase has concluded, we’re keen to inform you that the next phase of production and eventually distribution is right around the corner.
Edenhorde: A New Chapter
Recently, we released an elaborate outlook for the flagship NFT project of the Merit Circle DAO, Edenhorde. It’s a reflection and proposal to make some changes to the way Edenhorde is presented.
As the core contributors of the Merit Circle DAO, we felt that the expectations for Edenhorde have become misaligned with our ambitions and the strengths of the DAO. There’s no limit to the height of where Edenhorde could go, but there is a limit to where we, as contributors of the Merit Circle DAO can get involved.
This update is intended to realign everyone on the vision of the Merit Circle DAO for Edenhorde, how we plan to shape it, and what to expect in the future.
Read the full update here.
Together, we grow
Kicking off the year with a variety of outlooks on every single vertical, we’re ready to rumble and make this an unforgettable year. The previous year has been fun, showing us high and lows. This year will be all about delivery. There’s more people contributing to the DAO than ever before, all ready to move.
Stay tuned for everything that’s coming up, including a moment to meet your fellow Merit Circlors!
Again, thanks everyone for your support. Together, we’re changing the game!
Our next newsletter will be sent early May.