Metaphor

Metaphor.xyz operated as a financial software company with a focused mission on simplifying access to Web3 communities, specifically Decentralized Autonomous Organizations (DAOs). Founded in 2020 and headquartered in New York, the firm developed tools aimed at streamlining the complex process of joining a DAO. Its platform was designed to guide users through connecting a digital wallet, selecting a membership type, and purchasing the necessary tokens, creating a unified and clearer onboarding experience. By integrating membership status and approvals on-chain, Metaphor aimed to become a definitive source for verifying participation across various DAOs.

The business targeted individuals new to the Web3 space who found the initial steps of engaging with DAOs to be a significant barrier. The company's core service was a platform that abstracted away the technical hurdles typically associated with crypto-native organizations. This 'learn while participating' approach was intended to make the burgeoning world of decentralized finance and governance more accessible to a broader audience, without requiring pre-existing knowledge of the underlying technologies. The company raised a total of $4.3M, including a seed round of $1.2M in July 2020. Operations ceased in early 2023.

Keywords: DAO onboarding, Web3 community access, decentralized autonomous organizations, crypto wallet integration, DAO membership, token purchasing platform, decentralized finance tools, Web3 user experience, on-chain identity, financial software, crypto community tools, DAO participation, blockchain accessibility, digital asset management, crypto membership, Web3 platform, decentralized governance, tokenized communities, digital cooperative