Mitamaverse Funding

At Mitama we take pride in onboarding fiat into the ecosystem, as capital from investors, that otherwise maybe would not have entered the WEB3 space, by using our unique fiat investment program. As of Oct 6th, we have collected over USD $2,000,000 in fiat in the form of offline sales from private NFT investors in Tokyo. These investors are new to web3 and have asked us to assist them in on-ramping the fiat and minting Mitama NFTs during the Dutch Auction.

The Dutch Auction proceeds alone will cover initial expenses and more from Q4 2022, to Q3 2024. Later we will announce more funding mechanisms.

Budget

51% to Metaverse:

Metaverse Interactive Pets

Land Sale Dev

Mitamaverse Alpha Release

8% to Marketing: This will mainly contribute to "Community Awareness" & "New Market Outreach"

29% to the Team: This will include incentives and reserves.

9% to the DAO initial funding:

Dev work on the DAO token and the DAO wallet funding.

3% to Physical goods

Funding Strategies:

1 - Genesis drop on October 30th, 2022

2 - Private sale of [REDACTED] by March of 2023

3 - Selling plots in MitamaVerse

4 - Alpha Launch by August of 2023 (For NFT holders)

5 - Series A round targeting around Q4 of 2023 or Q1 of 2024