After Six Months, MetaCartel Might Be Crypto’s Favorite Experiment

In just six month’s time, MetaCartel, a fork of MolochDAO, has proven its worth as both a crypto-native experiment and an important provider of capital. The project’s founder, Peter Yuan Pan, however, worries that the project needs a “real game plan” to continue growing.    

MetaCartel’s Crypto Capital Experiments

Since launching last summer, MetaCartel has supported some of the most unique DeFi schemes in crypto. In its first wave of grants, Pan’s thought experiment dished out $7,450 in various grants. Over the last six months, this figure has ballooned to over $60,000. 

This is striking considering MetaCartel began as a handful of Telegram channels between enthusiasts.

The majority of the Wave I grants went to Odyssy, which is building out a better user design for DAOs, and Kickback, an events system first tested during Devcon Osaka.  

As of this month, Pan’s project has backed nearly 20 early-stage dApps. These have included breakouts like rDAI, Gelato Finance,…