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TL;DR
- DAOrecords campaign ended on June 27th
- The campaign met its first target of 10,000 stNEAR committed
- The project plans to use the funds generated to drop their $SPLASH token to fuel the microeconomy growing around their Alpha, Sound Splash
Overview
The DAOrecords fundraising campaign on Meta Yield came to a close with a total of over 10,000 stNEAR delegated to the project! Over the course of the 2 week campaign, DAOrecords attracted more than 20 backers to support their AudioNFT project Sound Splash.
The campaign coincided with their 12 Sound Splash releases which come to a close this month on June 27th. With the funds raised through Meta Yield, DAOrecords will now be able to mint their Sound Splash project token, $SPLASH.
DAOrecords Fundraising Campaign Comes to a Close
Along with minting the $SPLASH token, the funds donated through Meta Yield will allow DAOrecords to move forward with its broader launch as a project. The Sound Splash Alpha that has been released is only the first step in their 2022 launch, which they hope will conclude with a public beta launch at the end of the year.
DAOrecords is adding to the NFT community building on NEAR with the goal of democratizing and decentralizing the music industry for both artists and creators. Their proprietary FonoRoot NFT system solves the problem of collectibility and mass dissemination. Combining rarity through first generation mints with an exponentially increasing number of copies that can be purchased by the community allows artists and users on DAOrecords a chance to truly change the music industry for good.
Our platform Meta Yield is designed to allow users like you to support projects like this – ones that are willing to take risks to move toward a realized web3. You can check out our deep dive on DAOrecords and learn more about the Audio NFT project here.
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Meta Yield Looking Forward
This fundraising campaign for DAOrecords marks the second successful project launched on Meta Yield. Our new platform continues to prove its ability to bring value to new ventures launching on the NEAR ecosystem, demonstrating that we can keep building even when market conditions are down.
Meta Yield is a fundraising platform that we launched this year in order to support community projects building on NEAR. The platform leverages the advantages of liquid staking in order to give you a truly de-risked method of backing projects you truly believe in. You can read more about how to back a project on Meta Yield here.
While we can’t yet formally announce our next Meta Yield partnership, we can assure you that the next launch is coming soon! Keep your eyes on our social media for more information and keep on staking.
About Meta Pool & stNEAR
Meta Pool is the leading liquid staking solution for $NEAR and wNEAR token holders. With Meta Pool you earn NEAR staking rewards and maintain your liquidity to participate in DeFi protocols on NEAR and Aurora.
Users staking $NEAR and wNEAR with Meta Pool receive in exchange stNEAR (staked NEAR) tokens.
stNEAR simultaneously accrues staking rewards and unlocks users’ liquidity enabling them to participate in DeFi activities (e.g. lending, farming, borrowing) on NEAR and Aurora.
Stake $NEAR on Meta Pool
~11% APY
Get stNEAR
Yield-bearing token
Go DeFi on NEAR & Aurora
More APY and more rewards
Meta Pool also solves the problems associated with Proof-of-Stake networks staking: illiquidity, immovability and accessibility. Meta Pool also aims to distribute staking in multiple validators to improve censorship-resistance of the NEAR network.
With a TVL of ~9 Million $NEAR and growing, Meta Pool has become in just a few months a cornerstone element of the NEAR ecosystem. Meta Pool is making NEAR Protocol more decentralized and therefore more secure.
In February 2022 Meta Pool has been successfully audited by BlockSec, confirming the implementation of the highest security standards.
For more information visit https://metapool.app.
Join Meta Pool & stNEAR Community
If you have any questions or wish to be part of our project, don’t hesitate to join our official platforms and reach out to the team!
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