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Merit Circle DAO Announces BEAM Investment Partnership with Framework Ventures
Gaming and metaverse-focused decentralized autonomous organization (DAO) Merit Circle has announced a partnership with San Francisco-based venture capital firm Framework Ventures.
According to the announcement, Merit Circle’s collaboration with Framework will see the latter invest in Merit via BEAM tokens. After the acquisition, BEAM tokens will be sent to the treasury, with some sold to strategic investors. The announcement specifies that the tokens will be diversified so that some trusted parties can access a discount if they lock up the funds. This ensures their dedication to the cause over the long term.
After receiving BEAM, investors will then send USDC to the treasury. The USDC received will then support Merit Circle’s endeavors, which involve new investment positions, launching new internal projects, or purchasing existing ones.
Speaking on the partnership, Framework Ventures Gener
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