BlockBeats News, October 20th, Venture Capital firm 6th Man Ventures’ Head of Liquidity @CompoCapital announced that 6th Man Ventures acquired MetaDAO (META) worth $1.5 million at a price of $6.35. Possibly influenced by this news, META is now trading at $8.34, representing a 24-hour surge of 32.51%.
The announcement stated that MetaDAO’s resilient ICO platform gained significant early traction—raising over $200 million for its founders while empowering liquidity providers and fundamentally aligning both parties’ incentives—marking a significant step in the evolution of on-chain capital formation.
In a previous announcement, the MetaDAO community proposed to “sell up to 2 million META at market price or a premium.”
