Meta Pool DAO (mpDAO) has launched the first Latin American fund aimed at helping crypto projects located in frontier markets, becoming the first Decentralized Autonomous Organization (DAO) to launch a Latin American incentive fund to promote crypto projects in the region.
The fund’s objective will be to provide entrepreneurs in Latin America an opportunity to develop and start working on their crypto proposals. The initiative is carried out through a grants fund composed of various financing rounds known as mpDAO Grants, which recently completed round number 6.
mpDAO is a community driven governance system, which is a part of Meta Pool, where members actively participate in decision making, proposal approval and resource allocation.
Currently, the Latin American fund has an amount of $20,000, which is growing and allowing several entrepreneurs the possibility to develop and consolidate their ideas within the framework of the Latin American region.
Claudio Cossio, co-founder of Meta Pool, stated, “One of the main objectives of Meta Pool is to support crypto entrepreneurs, promoting entrepreneurship in what we define as frontier markets, that is, regions where the mass adoption of crypto will happen rapidly, such as Latin America.”
Meta Pool advances with its global expansion
The DAO seeks to continue expanding its presence in frontier markets and for this, it has advanced with a new initiative that will allow millions of people in Latin America and around the world to join the project and collaborate with its expansion.
On May 1st, Meta Pool will carry out the launch of the mpDAO tokens, allowing new users to participate in various initiatives to support the development of crypto projects located in frontier markets.
Thus, by using the Uniswap network, they will be able to join the initiative and become holders of Meta Pool tokens on the Ethereum network, thus connecting the NEAR communities with those of Ethereum.
The main purpose of the project is to continue supporting the development of the crypto ecosystem in frontier markets, regions where the adoption of cryptocurrencies will occur rapidly, as has happened in Latin America.
Meta Pool is a liquid staking solution that allows users to participate in the cryptocurrency staking process while maintaining the liquidity of their assets. Its design allows it to become an ecosystem that includes the Protocols of NEAR, Ethereum, Solana, Aurora, and Q Network.
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