NEONDAO

NEONDAO, formerly known as MetaverseDAO, is a for-profit decentralized autonomous organization (DAO) that pools members' capital to invest in the metaverse. Incubated by entities including The LAO, Flamingo, and RTFKT, the organization focuses on metaverse-related opportunities such as land acquisition and development, infrastructure investment, and community support.

The DAO operates on a hive-mind approach, leveraging the collective expertise of its members to guide investment decisions. It brings together founders, designers, artists, and builders to create a diverse knowledge base for identifying and acting on opportunities. NEONDAO had an initial membership cap of 99, with each member contributing capital in Ethereum to receive a corresponding amount of NEON DAO units, which represent voting power in the DAO's governance. All activities and holdings are transparent on the blockchain, allowing members to track investments, returns, and other financial events.

The organization functions as a community-governed venture capital fund built on Web3 rails. Its members propose, discuss, and vote on investment decisions, with the goal of supporting the growth and vision of an expansive, interconnected digital world.

Keywords: decentralized autonomous organization, for-profit DAO, metaverse investment, digital land, venture capital, web3, blockchain investment, hive-mind investing, community-governed fund, digital assets, NFT, land acquisition, infrastructure investment, crypto, Ethereum, The LAO, Flamingo, RTFKT