Investment Completion #1 : Kaiafun
Dear Community,
We are pleased to inform you that the investment process for the approved proposal, Kaiafun has been successfully completed. The investment funds, totaling $250K, have been fully disbursed to the company.
This marks the culmination of a thorough and collaborative process, including:
- Compliance review and final approval by the KAIA Foundation
- Detailed examination of company documentation and due diligence
- Execution of the investment agreement
- Final disbursement of funds
With this milestone achieved, we look forward to monitoring the project’s progress and its contribution to the ecosystem. Kaiafun is expected to serve as a meme coin infrastructure within the Kaia ecosystem, following GameFi represented by projects in Line Games and alongside stablecoins and DeFi projects. Updates regarding this investment and its outcomes will be shared as they become available.
We thank the community for your active involvement and support throughout this journey.
Best regards,
Chairperson, CAVE DAO KCC