Metaverse DAO is a decentralized protocol based on the $MDAO token, collateralized and supported by Metaverse DAO. $MDAO is set to become the reserve currency on Ethereum. To maintain price stability, Metaverse DAO uses an algorithmic reserve currency model and will also be backed by other decentralized assets. Metaverse DAO focuses on long-term and profitable treasury fund allocation.
Its mission is to allocate user-contributed funds towards NFT game development, 3D and Metaverse VR games, while making direct investments in teams and companies with a long-term vision for Metaverse gaming and Play-to-Earn. This will be achieved through community votes, reflecting the majority decision of Metaverse DAO supporters.