MIP-8 Hotwire investment and partnership
This proposal is for an equity investment into Hotwire Studios and a token investment into Game 1, Nitro League. Given the current market cap of Nitro League of 120M fully diluted and the equity investment terms, the equity investment is nearly covered just by the proposed Nitro token holdings. This proposal will cover the Hotwire Studios game and infrastructure opportunity as well as the Nitro League game and how the Hotwire infrastructure drives in-game value.
Read the full proposal and discussion here: https://gov.meritcircle.io/t/hotwire-x-merit-circle-proposal/213
Should Merit Circle DAO invest in Hotwire?
Off-Chain Vote
Yes
104.21K 2.5%
No
4.03M 97.5%
Timeline
Jan 07, 2022Proposal created
Jan 07, 2022Proposal vote started
Jan 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated