Enterdao

EnterDAO operates as a decentralized autonomous organization (DAO) on the Ethereum blockchain, established in 2021 by co-founders Nick Todorov, Zhivko Todorov, Daniel Ivanov, and George Spasov. Based in Sofia, Bulgaria, the organization secured $1.8 million in a seed funding round in January 2022, with participation from investors such as Delphi Ventures, 6MV, and Stable Node. The founding team possesses experience in building decentralized applications and infrastructure within the crypto landscape through their involvement with entities like LimeChain, Proof Systems, Universe.xyz, and BarnBridge.

The organization's primary objective is to develop infrastructure and products that create new markets within the metaverse economy. It aims to address key issues such as accessibility and capital efficiency of virtual land for a diverse client base that includes metaverse land owners, investors, and brands. The business model relies on generating revenue through marketplace fees on its platforms, with these funds accumulating in the DAO treasury, which is governed by token holders.

EnterDAO is developing two core products: LandWorks and MetaPortal. LandWorks is a marketplace for the period-based rental of virtual land in Web3 metaverse games, starting with Decentraland. This platform allows landowners to generate passive income from their assets, while renters gain access to virtual properties that might otherwise be unaffordable to purchase. MetaPortal is envisioned as a unified desktop application that serves as a single point of entry to various metaverse games, simplifying the user experience. Additionally, EnterDAO released an NFT collection called MetaPass, which functions as both a collectible and a utility pass for perks within the ecosystem.

Governance of the EnterDAO ecosystem is facilitated by the ENTR token, an ERC-20 token with a capped supply of 100 million. Token holders can stake their ENTR to receive voting rights (vENTR) on proposals concerning the core products and the treasury. The governance model is designed to be community-driven, allowing token holders to influence key decisions such as marketplace fees and the integration of new games.

Keywords: EnterDAO, decentralized autonomous organization, metaverse infrastructure, Web3, LandWorks, virtual land rental, MetaPortal, ENTR token, DAO governance, blockchain, Ethereum, crypto-based product development, passive income, metaverse economy, NFT, digital assets, play-to-earn, DeFi, smart contracts, Nick Todorov, Zhivko Todorov