Merit Circle released its third-quarter financial report, with reserves decreasing to $228 million

Merit Circle released its third-quarter financial report, with cash reserves decreasing from $235 million on June 30 to $228 million on September 30, a quarter-over-quarter decline of 2.93%.

Details:

• Total current assets amount to $77,793,041.
• Total NFT assets amount to $908,913.
• Total venture capital amount is $149,759,338.

According to RootData, Merit Circle is creating a decentralized autonomous organization that provides opportunities for people who want to help build the metaverse to earn money through gaming. The Merit Circle platform offers scholarship opportunities, educational opportunities, and everything people may need in the process of becoming a profitable gamer in the metaverse. The Merit Circle DAO consists of a mainDAO that manages numerous sub DAOs, which act as the tentacles of the entire Play-to-Earn industry. The protocol is maintained by various independent parties and individuals through governance supported by MC token holders.