π‘1. Introduction

Avocado DAO (Decentralized Autonomous Organization) is a collection of contributors that believe in the benefits of blockchain technologies and the metaverse. To advance those benefits, the Avocado DAO intends to undertake and facilitate a range of activities that initially will enhance the ecosystem of blockchain games as well as provide content creation and experiential opportunities to their members.
Avocado IDO Limited, as a participant in the Organization, will focus on investing in current and future NFT (Non-Fungible Token) assets within games and emerging metaverses and selectively lending these NFTs to Organization members. The goal of such lending arrangements is to enhance the playing experience of Organization members. Within the Organization, the Avocado Guild ($AVG) token acts as a "Utility token" which provides limited in-game rights and opportunities to players to enhance their playing experience. The $AVG token is not designed, nor intended to be, a medium of exchange which has value outside of the Orgnization, nor a financial instrument where holders should expect a financial return.
One of the underlying motives for the Avocado DAO is to foster an environment in which more people can be exposed to blockchain technologies and specifically learning and experiential opportunities within different metaverses. This motive will be accomplished through accessibility and education provided by the Avocado DAO.
In essence, the Avocado DAO is a facilitator of the metaverse community who believe that the metaverse has the potential to improve the way in which things get done and the lives of many.
Last updated