permissionless prediction markets have long been a coveted goal, but historically they haven't worked due to a few hard structural problems
the PMM is a totally new mechanism designed to solve them
really excited to see it go live soon, & check out the paper in the meantime
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metadao has been doing a great job refining the raise process
private roadshow to gauge interest, book building, & customizable allocations have been big
this is table stakes in tradfi for a reason
metadao ICOs are consistently the easiest + fastest deals for us to underwrite
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there is no defensible reason to continue with token/equity splits like this in 2026
