Metaphor, founded in 2021 in the United States, is paving the way for easier access to web3 communities, commonly known as DAO's (Decentralized Autonomous Organizations). True to its slogan, "We’re making it easy to discover, join and participate in web3 communities," Metaphor is tackling the complexity associated with DAO onboarding. By providing a streamlined, unified experience, Metaphor ensures users have a seamless process for connecting their wallets, selecting membership types, and purchasing tokens.
In addition to simplifying these processes, Metaphor is focusing on enhancing transparency and accessibility by integrating membership status and approval on-chain. This innovative approach aims to be the leading source of information on DAO membership and participation.
The company is backed by a strong investment team, having secured a $3.05M Seed Round investment on 19 December 2021. The funding came from notable investors including Shrug Capital, Tiger Global Management, Orange DAO, Infinity Ventures Crypto (IVC), House Capital, Kraken Ventures, and Not Boring Capital. Metaphor’s focus on crypto and information technology is making it a promising player in the burgeoning field of web3.