Metaverse DAO is a decentralized protocol based on the $MDAO token, collateralized and supported by Metaverse DAO. $MDAO will be the reserve currency of Ethereum. To maintain price stability, Metaverse DAO uses an algorithmic reserve currency algorithm that will also be backed by other decentralized assets. MetaVerse DAO focuses on long-term and profitable treasury fund allocations.
Its mission is to use user-allocated funds for NFT game development, 3D and MetaVerse VR games, while investing directly in teams and companies with a long-term vision for MetaVerse games and P2E. This will be achieved through a community vote based on a majority decision of MetaVerse DAO supporters.