Which 16 projects did DAO GCR invest in?

Writing: FFFake

As the sector with the longest development in the DAO field, investing in DAO has always been the most noteworthy direction in DAO. GCR DAO, which was financed by 1KX and other institutions, the CEO of Polygon and the founder of CoinGecko, is one of them. To date, GCR DAO has accumulated more than 30 investments, covering more than $800,000 in seed funding, more than $5 million in liquidity mining, and more than $20 million in growth equity.

GCR just released its second quarter investment review on July 6, and the numbers are bright:

· During the second quarter of 2022, GCR made 16 investments and deployed more than $1.4 million in community funds.  

· The community saw over 150 investment opportunities in the second quarter, 55% of which were brought directly by the community.

· In Q2, the top categories for community deployment capital were consumer markets and cryptocurrency services.

Next, the author will first lead you to review the basic situation of GCR DAO, and then focus on the 16 investments in the second quarter for a brief introduction.

Introduction of GCR DAO

What is a GCR DAO?

GCR is a research and investment DAO and a community of learners and investors in tokenized, decentralized Web3. The GCR Token is the native Token of the community. Community members can earn GRC Tokens by participating in events, contributing, or purchasing them on Uniswap.

GCR members have cumulatively made more than 30 investments, covering more than $800,000 in seed funding, more than $5 million in liquidity mining, and more than $20 million in growth equity. In January 2022, GCR DAO announced a $1.2 million funding round with investment from IDEO CoLab Ventures, 1KX, Valhalla Capital, HanDAO, and GBIC, Other investors include Axie Infinity co-founder Jeff Zirlin, YGG co-founders Gabby Dizon and Beryl Li, Polygon CEO Jaynti Kanani, and Adam of Flamingo DAO Kornfield, Coinvise CEO Jenil Thakker, CoinGecko co-founder Bobby Ong and Showtime CEO Alex Mesmaj, among others.

Token inspires community

The total supply of GCR tokens is 10 million, with 70% allocated to initial airdrop allocations, media mining projects, and community coffers, 20% to current teams and advisors, and another 10% to future teams. GCR tokens mainly play a governance role. By holding a certain number of GCR tokens, community members can obtain various rights and interests provided by the GCR team and community.

GCR divides members into different levels. The higher the level, the greater the authority. Level 2 Gold members and Level 3 Gold Professional members have direct access to investment meetings with the project founders. Level 1 members only have access to written investment conference notes and details. Level 0 members, however, only subscribe to the content published by GCR and do not have access to investment details. So far, more than 30,000 people have subscribed to the study published on the GCR website.

GCR DAO investment characteristics and participation methods

GCR DAOs operate differently than typical investment DAOs. In a typical investment DAO, collective investment is still carried out according to the majority's choice according to the voting results. In a GCR DAO, each member holding a GCR Token has the flexibility to invest only in any transaction of interest.

Equity investment may be made or seed round investment in the form of SAFT/SAFE+ Token Warrant /SAFE may be made. For cryptocurrency transactions, remittances and funds are usually calculated in USDC. For non-cryptocurrency transactions, USD is typically used. The industry invested by GCR DAO is not only Web3 industry, but also covers biotechnology, space technology, artificial intelligence and other fields.

If an interest is established, specify the desired distribution (usually a minimum check of $5,000) on the interest form. The GCR DAO requires every member involved in an investment to complete an Accredited Investor questionnaire, a KYC form, and a tax form. Revenue distribution will be sent directly to each participant's email address.

GCR DAO's second quarter investment report

The GCR goal is to create a community-driven investment DAO. In March, the new initiative was announced, and the data showed a significant effect: 55% of the 150 transactions in the GCR community in the second quarter came directly from community members, up 67% from 33% in the first quarter. By category, DeFi accounts for 31%, infrastructure/tools accounts for 27%, and the consumer market accounts for 20%. The remainder is relatively scattered. From the perspective of themes, there are two prominent ones, namely consumer market and crypto market basic services.

The 16 deals that have been invested in the second quarter are listed below, and I have briefly categorized them.

The search for a new economic model.

T squared

(time²) is the first project in the Web3 world to monetize human time through reading. On T ², time serves as currency, which users earn and contribute by reading. T ² operates as a DAO. T ² world decisions are made through proposals and ballot initiatives. A proposal is implemented when it meets the rules and is voted through by a majority of stakeholders.

Toucan

Toucan's open infrastructure enables a new round of regenerative innovation. Programmable carbon opens up new opportunities for a regenerative and distributive economy, building a regenerative economy through regenerative finance. The product ideas offered are: carbon as collateral, incorporating carbon into the Metaverse and having an impact with the real world, earning interest on carbon, issuing green NFTS, tokenization of carbon assets, etc. Toucan has provided early support for carbon projects such as KlimaDAO, QI DAO, and Market.XYZ.

Focus on security, assets and data

Gnosis Safe

A digital asset management platform built on Ethereum, featuring security. Currently, the product supports three modes: web version, APP version, and PC version. Support multiple signage for multiple people and multiple signage between individual devices to enhance security. It integrates with Defi and supports multiple protocols such as ERC-20 and ERC-721.

Sapling

Metadata marketing platform for users to create a Kanban of everyone's data.

zkLink

ZkLink is a transaction-focused multi-chain L2 network with unified liquidity guaranteed by ZK-Rollups.

Morpho

Peer-to-peer liquidity platform. The project side argues that "when liquidity is matched peer-to-peer, rather than using pools, capital utilization is 100 percent, which means better rates for both borrowers and suppliers."

GoldSky

GoldSky helps everyone build their own API to provide on-chain data. Ingest and transform on-chain data, and deliver or export it through GraphQL.

Fraction

Institutional multi-party Computing (MPC) solution/hosted technology platform. The invitation-based Design Partner program is currently recruiting founding clients to tailor the next generation of institutional MPC wallets to their needs.

Pwned No

The DAO of a white hat hacker. Bringing together world-renowned hackers and researchers, the automated bug Catching Engine aims to transform the code review process for Web3 developers, and the vulnerability verification and evaluation system helps hackers and projects report and fix vulnerabilities.

Services or platforms for DAOs, Defi, NFTS, and Metaverse & NBSP;

Utopia Labs

A payroll, expense, and operations management provider for DAOs, built on Gnosis. At present, it has been used and supported by YieldGuild Game, FWB, PleasrDAO, Sushiswap, BadgerDAO, etc.

Jia

DeFi platform for emerging markets. Jia provides blockchain-based lending, investment and ownership services to businesses in every corner of the world.

PARAGRAPH

PARAGRAPH uses NFT to turn E-mail subscribers into Web3 members, which allows creators of both Web2 and Web3 to get paid by readers. It currently has more than 3,000 content creators and 20,000 readers.

Metatheory

Metatheory is an interactive technology and entertainment company that builds Web3 games, interactive content, social experiences, and other community-driven adventures. Metatheory is a blockchain gaming company with a mission to build immersive experiences based on IP across eras, where viewers drive stories and empower users. Their first project is DuskBreakers.

Infinity Keys

A Play-to-earn treasure hunting platform. A code-free tool is used to create passwords that can be decrypted and shared only after users have a deeper understanding of the project. Turning passive marketing into active treasure hunting is the biggest highlight of this project.

Magic Eden

Solana NFT market. According to Dappradar data, Magic Eden, the NFT market on the Solana chain, has surpassed $1.5 billion in total trading volume on July 22, with the number of traders reaching 846,118.

Reality Coin

An image dataset platform that connects the physical world to the metaverse. Attract users to become Reality Miners to capture high-resolution images of the real world. These images will be purchased by other metaverse, VR/AR and game projects through RealityCoin using RealityMap data.

GCR DAO has invested in some of the most well-known projects, as well as many of the very early projects that are just starting up with a single email subscription. In terms of project category, project stage, project scale and project mode, the 16 projects are relatively average. It can be said that from the result, the investment of GCR DAO presents a relatively mature investment attitude.

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