Moonrock Capital invests in MANTRA DAO ($OM)
We are proud to announce Mantra DAO ($OM) as an addition to our portfolio.
MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO focuses on staking and lending to give financial control back to the people to grow wealth together.
DeFi is not only a hot topic at the moment but will dominate this space for years to come, with Ethereum as the dominant platform for DeFi applications. However, we believe in the growth of the whole Polkadot ecosystem, as an alternative to Ethereum and see a significant upside potential here, which is why we chose to make this investment. The idea, team and market potential of MANTRA DAO convinced us to support this team’s efforts.
— Jonathan Habicht, Managing Partner MRC
It’s an honor to be recognized as a good value and trusted as a founding team by visionary institutions like Moonrock Capital. Being included in the same breath as Aleph, DIA, DMM and Geeq should prove to be a valuable calling card as we build out the MANTRA DAO ecosystem.
— Will Corkin, Co-Founder and Council Member of MANTRA DAO
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