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Metavesco - Undisclosed
Overview
Funding Date
November 9, 2023
Financing amount
$0.65M
Valuation
--
Category
Subcategory
About Metavesco - Undisclosed
Metavesco is pleased to announce that it has secured new funding through a significant investment. The investment is structured as a note for $650,000 with an 8% original issue discount (OID) and a 12.5% annual interest rate. The note is non-convertible, due in full in five years, and features no prepayment penalty. A copy of the note was included in an 8-k filing with the Securities and Exchange Commission.
Founders & Team
Ryan Schadel
Company Profile / Project Introduction
Metavesco is a web3 enterprise and digital asset innovator. The Company generates revenue as a crypto liquidity provider via decentralized exchanges such as Uniswap, and the Company farms tokens via Proof of Stake protocols. The Company has bitcoin mining operations at hosted facilities in TX and KY. The company also invests in promising NFT projects and virtual land including OthersideMeta. Through its wholly owned subsidiary, the Company operates Boring Brew, a specialty coffee company utilizing owned and licensed NFT IP as unique packaging.