Forefront raises $2.1M to Build the "Port of Entry" to Web3 Soci…

Diversifying the treasury also allows us to invest in new projects, onboard new contributors into our in-house guilds and hire full time staff. Furthermore, de-risking the treasury with a stable and productive asset will also allow us to fund programs via USDC instead of our governance token ($FF), especially given how volatile the market can be wh... See more

To some, raising capital — especially fiat — seems unusual for a DAO. To be sure, many DAOs will build huge value without it. The reason this made so much sense for us was primarily the opportunity to continue aligning incentives with the amazing people who have helped shape our journey so far.

The explosion of social tokens and DAOs over the last year has made it hard for anyone — including us! — to keep up with the pace of innovation. We’re working hard to build an information highway between Web2 and Web3, one that will allow more talented people to travel across.