In the opening three months of 2024, the Merit Circle ecosystem experienced significant expansion. The value of the Treasury’s holdings surpassed $94 million, adding to a grand total of approximately $201 million. This notable growth underscores the robust financial condition and successful investment approach of the ecosystem, specifically in the gaming sector.
Merit Circle has consistently focused on fostering creativity in the gaming industry by supporting a multitude of groundbreaking initiatives. So far, our Treasury has invested in over sixty projects, several of which have demonstrated remarkable promise and success.
At Merit Circle, transparency is a fundamental value we uphold. This commitment is evident in our consistent publication of Treasury reports. These reports offer an clear and open view into our financial moves and strategic planning, fostering trust and maintaining open communication with our stakeholders.
Regarding noteworthy accomplishments in Q1 2024, the project titled Saga takes the lead. It is currently the biggest project debuted on Binance Launchpool, with an initial value of $125 million. Its fully diluted market capitalization has since surpassed $5 billion. Furthermore, Forgotten Playland, a forthcoming online party game, is another notable venture. Prior to its April 25, 2024 launch, the associated $FP token has shown promising results, adding approximately $30 million to the Treasury’s funds.
Merit Circle not only invests in existing gaming projects but also develops new ones, like Forgotten Playland. This approach, which combines investment and innovation, keeps Merit Circle at the cutting edge of the gaming industry’s advancements.
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2024-04-17 18:21