Jenny DAO, the first Metaverse DAO to launch its social token on Unicly, has pooled $7 million towards shared NFT ownership. Funds raised by the DAO, including contributions from several leading VCs, will go towards establishing and managing an NFT collection on Unicly.
The $7M will make Jenny DAO one of the largest stewards of NFT collections on Unicly and will give holders of its native JENNY token a direct incentive in seeing Unicly succeed. On May 13, the uJENNY token will list on Unicly’s AMM, which combines the token-swapping functionality of a regular DEX with the tools for trading ownership of NFTs.