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December 8, 2022
Redmond, WA - Metagood, the company that built the OnChainMonkey NFT ecosystem, has completed a pre-seed funding round of more than $5 million.

Metagood is a Web3 company empowering communities to become catalysts for positive collective action. Through its first NFT project, OnChainMonkey (“OCM”), a historic non-fungible token collection that was created all on-chain in a single transaction, Metagood has simultaneously created value for its community members and contributed to several important causes.

The Genesis NFT collection for OnChainMonkey was launched by Metagood in September 2021. Since its launch, Metagood has been backed by a who’s who of investors from crypto, blockchain, art, entertainment, and sports. Those joining the recent funding round include Animoca Brands; Morgan Creek Capital Management founder, CEO & chief investment officer Mark Yusko; Virgin Group investment manager Freddie Andrewes; Sora Ventures co-founder Jason Fang; Liquid 2 Ventures, founded by NFL Legend and Hall of Famer Joe Montana; Orange Fund general partner Don Ho;  ACTAI Ventures; Sangha Capital; Woodstock Fund founder Pranav Sharma; Ocean Elders founder Gigi Brisson; and early Facebook executive and Stoked Capital founder Net Jacobsson.

Previous investors in Metagood include actor Owen Wilson; Virgin Unite chair Holly Branson; Rotten Tomatoes co-founders Patrick Lee and Stephen Wang; eight-time Olympic short-track speed skating medalist & Tribe Capital partner Apolo Ohno; actor and producer Woody Harrelson; two-time NBA All-Star Baron Davis; Dapper Labs co-founder Roham Gharegozlou; Axie Infinity co-founder Jeffrey (Jiho) Zirlin; The Sandbox co-founder Sebastian Borget; 9 GAG CEO Ray Chan; Crunchyroll founder Kun Gao; Litecoin creator Charlie Lee; BTCC and Ballet Crypto founder Bobby Lee; Algorand Foundation CEO Staci Warden; Bitfury co-founders Val Vavilov and George Kikvadze; Sound Ventures partner Guy Oseary; Second Life founder Philip Rosedale; Offline Ventures partners James Higa and Randi Zuckerberg; OneOf CEO Lin Dai; Pledge.to CEO James Citron; Twitch and Metatheory co-founder Kevin Lin; Kabam co-founder Holly Liu; Mission Gate founder and CEO George Bachiashvili; White Sand Group partner Elliott Donnelley; Metaplanet Inc President Simon Gerovich; Google Brain Moonshots Lead Evan Rapoport; and gumi Cryptos Capital General Partner Miko Matsumura, amongst many other notable people.

“We have been able to build a powerful community through our OnChainMonkey NFTs,” Metagood co-founder and chairman Bill Tai said. “Our DAO has empowered so many builders while raising 2000 ETH in just one year. Our investors see the promise Web3 has for effecting change, and they are supporting that. This investment by such prominent, change-minded individuals will inspire our communities to engage and help us do even more good.”

“Metagood amplifies the power of Web3 by building a community-centered organization driving collective change which inspires members to rally behind meaningful causes,” said Morgan Creek Capital Management Founder Mark W. Yusko. “At Morgan Creek, we invest in Innovation as an asset class, and I believe Metagood is perfectly positioned to power innovation in the process of community building and social enterprise by capitalizing on the technology transformation that is reshaping the Internet.”

“We are delighted that Metagood has joined the more than 380 NFT-related companies and decentralized projects that have received investment from Animoca Brands,” said Yat Siu, Animoca Brands co-founder and chairman. “Metagood's mission and vision, which incorporate the values of respect, integrity, sustainability and experimentation, are vital for building a positive future for Web3, and we are proud to support its mission of making this future more accessible.”

Metagood’s co-founders, Bill Tai, Danny Yang, and Amanda Terry, are renowned entrepreneurs that have built and invested in internationally acclaimed companies. Bill Tai has been a leading voice in the crypto and deep tech space since 2010 as an early backer of Bitfury Group, the Chairman of the Board of Hut 8 Mining and an angel investor in Dapper Labs. He was an early supporter of more than 20 now publicly traded companies, including the first investor in Zoom and seed investor in Canva, Tweetdeck, Color Genomics, Class.com, and SafetyCulture, among others, as well as co-founding Treasure Data, IPInfusion and iAsiaWorks. Danny Yang previously founded MaiCoin, Taiwan's largest cryptocurrency exchange today and in operation since 2014, and Blockseer, a blockchain analytics company acquired in 2018. Amanda Terry is a 20-year veteran of digital media advertising at Twitter and NBC who has been co-investing with Bill since 2018 and ran community for ACTAI Global, a 501c3.  Bill, Danny, and Amanda co-founded Metagood in 2021 after working closely together for several years on Web3 projects and initiatives.

Metagood will use the recent fundraising to continue building the OnChainMonkey’s community and tools to empower Web3 communities, creators, and companies to become catalysts for positive collective action.

Using its tools and incentive platform called “Missions,” Metagood launched the OnChainMonkey (OCM) collection to demonstrate how Web3 can reward collective behavior for social impact. OCM includes a membership token that is the first non-fungible token (NFT) profile picture collection created on-chain in a single transaction. Creating an entire NFT collection, including metadata and images, all on-chain in a single transaction, was groundbreaking for being a more efficient use of the Ethereum blockchain that minimized the costs of deploying the OCM collection.

Metagood has launched a decentralized autonomous organization (DAO) to give the OCM community a mechanism for direct governance of the community treasury, which currently has over 2000 ETH. OCM DAO is one of the largest DAOs for an NFT community on a DAO voting platform called Prop.House, with very engaged members, having consistently over 2500 votes for each round of voting on proposals. More than 40 projects have been voted by the community to receive 70 ETH in total to support activities promoting the OCM community, its creators, and important social causes worldwide. Successful proposals include renovating a skate park for the public with art from OnChainMonkey in Rio de Janeiro, Brazil; partnering with Noma Collective and funding 12 beach clean-ups; launching a 3D mini-game; and supporting the build of an OCM gathering place in The Sandbox.

Fast Company’s 20 Best World Changing Ideas 2022 honorable mention was awarded to Metagood for impact investing, which recognized “change-making organizations or initiatives that generate societal benefit along with financial returns.”  In the last year, Metagood created an NFT collection called OCM Earth, which was a mosaic of 25K OnChainMonkeys, which raised $185K for Save the Children’s Ukrainian humanitarian aid relief fund.  Metagood has also advised and supported the launch of UNICEF Giga’s first NFT collection, Patchwork Kingdom, to mark UNICEF’s 75th anniversary by artist Nadieh Bremer to help bring the internet to schools globally.  Metagood also partnered with Hut 8 Mining, the largest digital asset miner and Web3 cloud services provider in North America, to create an NFT that was given to all attendees at NeckerVerse, the first Web3 conference on Sir Richard Branson’s private island.  

“Our vision has always been to cultivate an incredible community that accomplished tangible, positive change through NFTs,” Tai said. “We have been able to do that, but there is so much more that needs to be done, and it is our intention to play a role in that.”

About Metagood
Founded by crypto and Non-Fungible Token (NFT) veterans with decades of business experience, Metagood strives to build a better future for Web3. Through its first NFT project OnChainMonkey, Metagood has simultaneously created value for its community members and contributed to several important causes. Those causes included funding the successful evacuation of Sharbat Gula (known as “Afghan Girl” from iconic 1984 National Geographic cover) and her family from Afghanistan, donations to Coral Vita to repair reefs in the Atlantic Ocean, and more. Recently recognized as one of Fast Company’s 2022 Best World Changing Ideas Awards for Impact Investing, To learn more about Metagood, visit metagood.com.

About OnChainMonkey
Launched by Metagood, OnChainMonkey is the first non-fungible token (NFT) profile picture collection created on-chain in a single transaction. The collection of 10,000 randomly generated NFTs is led by an experienced team, including Danny Yang who founded Taiwan’s largest cryptocurrency exchange, Amanda Terry who served as a digital media business development executive at Twitter and NBC, and Bill Tai, a legendary venture capitalist who was the first investor in Zoom and early investor in Tweetdeck, Canva, Dapper Labs as well as over 20 companies that have become publicly listed. The OnChainMonkey community is building businesses in web3, and aims to “do well and do good,” creating value for token holders and promoting social good. To learn more about OnChainMonkey, visit onchainmonkey.com.

About Bill Tai
Metagood Chairman, Venture Capitalist, Athlete, and Adjunct Professor. Bill Tai has been a leading voice in the crypto and deep tech space since 2010 as an early backer of Bitfury Group, the Chairman of the Board of HUT8 Mining and an angel investor in Dapper Labs. He was an early supporter of more than 20 successful startups, including Zoom, Canva, Color Genomics, Class.com, and SafetyCulture, among others, as well as co-founding Treasure Data (acq. by SOFTBANK), IPInfusion (Tokyo Stock Exchange:4813) and iAsiaWorks (IPO Goldman Sachs, Morgan Stanley).  He holds a BSEE with honours from the University of Illinois, an MBA from Harvard and a Hon. PhD from Curtin University, where he is an Adjunct Professor of “Innovation and Economic Development”.

About Amanda Terry
Co-founder and Chief Operating Officer of Metagood. She has an extensive background of over 20 years in digital media sales and business development leadership experience from Twitter, NBC, Zagat (acquired by Google), 5min (acquired by AOL), TARGUSinfo (acquired by Neustar), and Acxiom (acquired by IPG). She invests in early-stage, high-growth companies applying technology to solve the UN Sustainable Development Goals.  She has a BA from Princeton University in Public Policy and an MBA from the Wharton School at the University of Pennsylvania in Entrepreneurial Management and Finance.

About Danny Yang
Co-Founder and Chief Executive Officer of Metagood. Danny holds a PhD in Computer Science from Stanford, and BA from Harvard. He previously founded MaiCoin, Taiwan's largest cryptocurrency exchange, and Blockseer, a blockchain analytics company sold in 2018, which was one of the first visual block explorers for Bitcoin and Ethereum.  He also founded the Stanford Bitcoin Meetup in 2013.


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