REDMOND, Wash.--(BUSINESS WIRE)--Metagood, the company that built the OnChainMonkey (OCM) NFT ecosystem, has completed a pre-seed funding round of more than $5 million.
Metagood is a Web3 company empowering communities to be catalysts for positive collective action. Since its launch, Metagood has been backed by a who’s who of investors from crypto, blockchain, art, entertainment, and sports. Those joining the recent funding round include Animoca Brands; Morgan Creek Capital Management founder, CEO & chief investment officer Mark Yusko; Virgin Group investment manager Freddie Andrewes; Sora Ventures co-founder Jason Fang; Liquid 2 Ventures, founded by NFL Legend and Hall of Famer Joe Montana; Orange Fund general partner Don Ho; ACTAI Ventures; Sangha Capital; Woodstock Fund founder Pranav Sharma; Ocean Elders founder Gigi Brisson; and early Facebook executive and Stoked Capital founder Net Jacobsson.
Previous investors in Metagood include actor Owen Wilson; Virgin Unite chair Holly Branson; Rotten Tomatoes co-founders Patrick Lee and Stephen Wang; eight-time Olympic short-track speed skating medalist & Tribe Capital partner Apolo Ohno; actor and producer Woody Harrelson; two-time NBA All-Star Baron Davis; Dapper Labs co-founder Roham Gharegozlou; Axie Infinity co-founder Jeffrey (Jiho) Zirlin; The Sandbox co-founder Sebastian Borget; 9 GAG CEO Ray Chan; Crunchyroll founder Kun Gao; Litecoin creator Charlie Lee; BTCC and Ballet Crypto founder Bobby Lee; Algorand Foundation CEO Staci Warden; Bitfury co-founders Val Vavilov and George Kikvadze; Sound Ventures partner Guy Oseary; Second Life founder Philip Rosedale; Offline Ventures partners James Higa and Randi Zuckerberg; OneOf CEO Lin Dai; Pledge.to CEO James Citron; Twitch and Metatheory co-founder Kevin Lin; Kabam co-founder Holly Liu; Mission Gate founder and CEO George Bachiashvili; White Sand Group partner Elliott Donnelley; Metaplanet Inc President Simon Gerovich; Google Brain Moonshots Lead Evan Rapoport; and gumi Cryptos Capital General Partner Miko Matsumura, amongst many other notable people.
“We have been able to build a powerful community through our OnChainMonkey NFTs,” Metagood co-founder and chairman Bill Tai said. “Our DAO has empowered so many builders while raising 2000 ETH in just one year. 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.”
“We are delighted that Metagood has joined the more than 380 NFT-related companies and decentralized projects that have received investment from Animoca Brands,” said Yat Siu, Animoca Brands co-founder and chairman. “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.”
Metagood’s co-founders, Bill Tai, Danny Yang, and Amanda Terry, are renowned entrepreneurs that have built and invested in internationally acclaimed companies. Bill Tai has been a leading voice in the crypto and deep tech space since 2010 as an early backer of Bitfury Group, the Chairman of the Board of Hut 8 Mining and an angel investor in Dapper Labs. He was an early supporter of more than 20 now publicly traded companies, including the first investor in Zoom and seed investor in Canva, Tweetdeck, Color Genomics, among others, as well as co-founding Treasure Data, IPInfusion and iAsiaWorks. Danny Yang previously founded MaiCoin, Taiwan's largest cryptocurrency exchange today and in operation since 2014, and Blockseer, a blockchain analytics company acquired in 2018. Amanda Terry is a 20-year veteran of digital media advertising at Twitter and NBC who has been co-investing with Bill since 2018. Bill, Danny, and Amanda co-founded Metagood in 2021 and launched its first collection OnChainMonkey. This historic non-fungible token collection was created all on-chain in a single transaction, including metadata and images. This groundbreaking approach was a more efficient use of the Ethereum blockchain that minimized the costs of deploying the collection.
Metagood will use the fundraising to continue building OnChainMonkey’s community and tools to empower Web3 communities, creators, and companies to be catalysts for positive collective action.
About Metagood
Founded by crypto and Non-Fungible Token (NFT) veterans with decades of business experience, Metagood strives to build a better future for Web3. Through its first NFT project OnChainMonkey, Metagood has simultaneously created value for its community members and contributed to several important causes. Those causes include funding the successful evacuation of Sharbat Gula (known as “Afghan Girl” from iconic 1984 National Geographic cover) and her family from Afghanistan, donations to Coral Vita to repair reefs in the Atlantic Ocean, and the rebuilding of homes people impacted by the typhoons in the Philippines in partnership with Axie Infinity. Recently recognized in Fast Company’s 2022 Best World Changing Ideas Awards for Impact Investing, To learn more about Metagood, visit metagood.com.
