Myco

Myco.space operated as a platform designed to facilitate the creation and management of Decentralized Autonomous Organizations (DAOs). The company, founded by Arya Soltanieh and Mark Beylin, aimed to empower communities, collectives, and cooperatives to launch their own ventures with built-in incentives for value-generating activities. This structure was intended to enable users to collaboratively produce offerings for both themselves and a wider market.

The core of Myco.space's business was a platform that provided the tools for these groups to organize, manage contributions, and distribute value. It targeted the burgeoning creator economy and communities seeking to formalize their collaborative efforts into a corporate structure. The platform allowed for the rewarding of ownership shares to contributors and the distribution of profits, establishing a framework for collective earning. The business model centered on providing the infrastructure for these DAOs, likely taking a fee or percentage of transactions conducted through the platform.

Financially, Myco.space secured a seed round of $400,000 on December 1, 2019, to fuel its development and launch. The company was privately held and headquartered in Nevada, United States. However, despite its early funding and a platform aimed at a growing market, PitchBook data indicates that the company ceased operations as of March 15, 2023.

Keywords: Decentralized Autonomous Organizations, DAO management, creator economy, collaborative ventures, value distribution, collective ownership, community-owned companies, profit sharing, Arya Soltanieh, Mark Beylin, value networks, contributor rewards, online collaboration tools, shared ownership, project-based companies, creative collectives