First off, what is YuGiDAO? YuGiDAO seeks to preserve the most rare and valuable YuGiOh cards on the DeSo blockchain by tokenizing them as NFTs. The DAO was seeking funding to begin acquisitions as of July 2022, but closed the initial funding round on August 19th.
The DAO posted on their DeSo feed the following on August 20th:
The DAO funding round has been closed until the market stabilizes. We will be purchasing some of the lower level cards from the list with the funds already raised and will resume the funding round later in the year hopefully. Stay tuned.
So the decision seems to be a temporary one and based solely on the current market volatility as we continue in a bear market. To be fair, it is incredibly difficult to raise funds for any project during a bear market, so it seems like they are powering down their resources until the timing is a bit better, and I don't blame them for it!
Some referral links to help me pay the bills and hopefully help you out as well:
Exchanges:
Join Coinbase (get $10 of BTC)
Join Abra (get $25 of CPRX)
Join Crypto.com (get $25 of CRO)
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