Merit Circle Reports Third Quarter Financial Results; Funded Reserves Decrease to $228 Million
On October 18, Merit Circle released its third quarter financial report, reporting a 2.93% YoY decrease in funds on hand from $235 million at June 30 to $228 million at September 30.
The details:
Liquid assets totaled $77,793,041.
All NFT assets totaled $908,913.
Venture capital investments totaled $149,759,338.
According to RootData, Merit Circle is creating a decentralized, self-governing organization that offers people who want to help build a meta-universe the opportunity to make money through gaming. the Merit Circle platform offers scholarship opportunities, educational opportunities, and all the meta-universes people might need to become a profitable gamer. The Merit Circle DAO consists of a mainDAO that manages numerous subDAOs that act as touchpoints for the entire Play-to-Earn industry. The protocol is maintained by various independent parties and individuals through governance supported by MC token holders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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