Audit log

Every state-changing event for MetaDAO: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-11-06 00:27:58Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 465,907,423

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   4aBn2g81TigH…7CQTNoLxcopyexplorer ↗

   hash

   5uUfbfELkbYA…YBKtG31dcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (10625 B) ▸

   {"actor":"system:backfill","investigation_id":"efc97116-2cef-44a7-b497-1f174bb68c7c","kind":"publish","page_slug":"metadao","published_at":"2026-11-06T00:27:58.207Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"MetaDAO","sections":[{"content":"MetaDAO describes itself as the first organization governed by futarchy, a governance model in which proposals are evaluated via dual prediction markets rather than conventional voting, using the price of its META token as an optimization metric. According to CoinDesk and Blockworks, the project was founded by a pseudonymous individual known as Proph3t, who reportedly met co-founder Nallok at a dinner during Solana Breakpoint in October 2023. Both founders are referred to in press coverage by pseudonyms or nicknames ('chief futards'), which is disclosed by MetaDAO itself and by the outlets covering it rather than concealed, but it means the public cannot verify the founders' real-world identities or track records through conventional means.","heading":"Overview and Founding","severity":"medium","sources":[{"credibility":2,"name":"Crypto VC Paradigm Invests in MetaDAO as Prediction Markets Boom (CoinDesk)","type":"news_article","url":"https://coindesk.com/tech/2024/08/01/crypto-vc-paradigm-invests-in-metadao-as-prediction-markets-boom"},{"credibility":2,"name":"Futarchy needs 'one great success' to become Solana's go-to governance model (Blockworks)","type":"news_article","url":"https://www.blockworks.com/news/metadao-solana-governance-platform"}]},{"content":"In August 2024, MetaDAO raised approximately $2.23 million in a round led by Paradigm, the venture firm co-founded by Fred Ehrsam (also a Coinbase co-founder). Paradigm purchased 3,035 META tokens, becoming the largest single holder at a reported 14.6% of total token supply, with roughly 30 angel investors purchasing additional tokens. Later reporting (October 2025, per secondary crypto-news aggregation) described an additional Paradigm investment of roughly $5.9 million at approximately $7.83 per token, with cumulative disclosed funding cited around $9.9 million including participation from Variant and 6MV. These later-round figures come from secondary crypto-news sources rather than a primary filing or official MetaDAO announcement located during this investigation, and should be treated with correspondingly lower confidence.","heading":"Funding and Investors","severity":"low","sources":[{"credibility":2,"name":"Crypto VC Paradigm Invests in MetaDAO as Prediction Markets Boom (CoinDesk)","type":"news_article","url":"https://coindesk.com/tech/2024/08/01/crypto-vc-paradigm-invests-in-metadao-as-prediction-markets-boom"}]},{"content":"MetaDAO offers futarchy-based decision markets and a token-launch mechanism (STAMP) used by graduates of the Colosseum accelerator. Press coverage names several Solana ecosystem projects reported to have experimented with or adopted MetaDAO's governance tooling, including Jito (a fee-switch proposal), Flash, Sanctum, Drift, and ORE. Coverage is mixed on the extent of real-world adoption: some reporting describes limited actual usage of futarchy governance outside pilot proposals, while MetaDAO's founder has been reported as projecting it could become Solana's default governance platform within six to eighteen months. One community governance vote — a proposal to sell roughly $6 million of META tokens to investors Variant and DBA at a discount — was reportedly rejected by MetaDAO's own decision-market process, which is cited in coverage as an example of the mechanism functioning as designed.","heading":"Adoption and Governance Use Cases","severity":"low","sources":[{"credibility":2,"name":"Futarchy needs 'one great success' to become Solana's go-to governance model (Blockworks)","type":"news_article","url":"https://www.blockworks.com/news/metadao-solana-governance-platform"}]},{"content":"Crypto press reported in February 2025 that MetaDAO hired Robin Hanson, the economist widely credited with originating the concept of futarchy, as an advisor. This is cited by outlets as lending academic credibility to the project's core governance mechanism, though it does not constitute independent verification of MetaDAO's security, token economics, or operational claims.","heading":"Advisory Hire: Robin Hanson","severity":"low","sources":[{"credibility":2,"name":"MetaDAO hires futarchy's creator Robin Hanson as advisor (CoinDesk)","type":"news_article","url":"https://www.coindesk.com/business/2025/02/13/metadao-hires-futarchys-creator-robin-hanson-as-advisor"}]},{"content":"Search results for 'MetaDAO' surface reporting from December 2021 describing a separate, unrelated project also called MetaDAO, which was alleged to have carried out a rug pull taking approximately 800 ETH (around $3.2 million at the time), with funds reportedly moved through Tornado Cash. Coverage of that 2021 incident does not connect it to the Solana-based futarchy governance platform discussed in this report, and no reporting located during this investigation ties the two together. Readers researching 'MetaDAO' should take care not to conflate the two distinct projects; this entry concerns only the Solana futarchy/governance platform founded by Proph3t and Nallok.","heading":"Name Collision With Unrelated 2021 'MetaDAO' Rug Pull","severity":"medium","sources":[{"credibility":2,"name":"MetaDAO Makes Off With $3.2M in Rug Pull (CryptoBriefing)","type":"news_article","url":"https://cryptobriefing.com/metadao-makes-off-with-3-2m-in-rug-pull/"},{"credibility":2,"name":"Crypto rug pull: MetaDAO runs away with 800 users' ETH (Crypto Economy)","type":"news_article","url":"https://crypto-economy.com/crypto-rug-pull-metadao-runs-away-with-800-users-eth%c2%ac/"}]},{"content":"A security-tracking site flagged a domain, metadao.ranger.sale, as an active phishing site as of February 2026. This is a third-party impersonation attempt rather than conduct by MetaDAO itself, and reflects the general risk that any recognizable crypto brand name may be used by unaffiliated actors in phishing schemes. Users should only interact with MetaDAO's official domains and verified social accounts.","heading":"Phishing Domain Impersonation (Unrelated Third Party)","severity":"low","sources":[{"credibility":3,"name":"PhishDestroy domain flag: metadao.ranger.sale","type":"community_report","url":"https://phishdestroy.io/domain/metadao.ranger.sale"}]},{"content":"A request to investigate this entity referenced a named individual as a 'co-founder' of MetaDAO scheduled to speak at a 2026 conference. This investigation found no primary source — including MetaDAO's own materials or mainstream crypto-press coverage — identifying any co-founder by that name; press coverage consistently identifies MetaDAO's founders by the pseudonyms Proph3t and Nallok. This claim is noted here only to flag it as unverified and should not be treated as an established fact about MetaDAO's leadership.","heading":"Unverified Speaker-Affiliation Claim","severity":"low","sources":[{"credibility":2,"name":"Crypto VC Paradigm Invests in MetaDAO as Prediction Markets Boom (CoinDesk)","type":"news_article","url":"https://coindesk.com/tech/2024/08/01/crypto-vc-paradigm-invests-in-metadao-as-prediction-markets-boom"}]}],"sources_used":[{"credibility":2,"name":"Crypto VC Paradigm Invests in MetaDAO as Prediction Markets Boom (CoinDesk)","type":"news_article","url":"https://coindesk.com/tech/2024/08/01/crypto-vc-paradigm-invests-in-metadao-as-prediction-markets-boom"},{"credibility":2,"name":"Futarchy needs 'one great success' to become Solana's go-to governance model (Blockworks)","type":"news_article","url":"https://www.blockworks.com/news/metadao-solana-governance-platform"},{"credibility":2,"name":"MetaDAO hires futarchy's creator Robin Hanson as advisor (CoinDesk)","type":"news_article","url":"https://www.coindesk.com/business/2025/02/13/metadao-hires-futarchys-creator-robin-hanson-as-advisor"},{"credibility":2,"name":"MetaDAO Makes Off With $3.2M in Rug Pull (CryptoBriefing)","type":"news_article","url":"https://cryptobriefing.com/metadao-makes-off-with-3-2m-in-rug-pull/"},{"credibility":2,"name":"Crypto rug pull: MetaDAO runs away with 800 users' ETH (Crypto Economy)","type":"news_article","url":"https://crypto-economy.com/crypto-rug-pull-metadao-runs-away-with-800-users-eth%c2%ac/"},{"credibility":3,"name":"PhishDestroy domain flag: metadao.ranger.sale","type":"community_report","url":"https://phishdestroy.io/domain/metadao.ranger.sale"}],"summary":"MetaDAO is a Solana-based governance and fundraising platform that implements futarchy, a model in which prediction markets rather than token votes guide organizational decisions. It has attracted venture funding from Paradigm and Variant and has been used experimentally by other Solana projects, but its founder operates pseudonymously, independent adoption remains limited, and reporting is dominated by secondary crypto-media coverage rather than regulatory or audited primary sources.","timeline":[{"date":"2023-10","event":"Founder Proph3t reportedly meets co-founder Nallok at a dinner during Solana Breakpoint, leading to the founding of MetaDAO.","source":"Secondary crypto-media reporting","source_url":"https://coindesk.com/tech/2024/08/01/crypto-vc-paradigm-invests-in-metadao-as-prediction-markets-boom"},{"date":"2024-08-01","date_evidence":"The article was published August 1, 2024, and updated August 9, 2024.","event":"CoinDesk reports Paradigm led a ~$2.23 million funding round in MetaDAO, becoming the largest META token holder at 14.6% of supply.","source":"CoinDesk","source_url":"https://coindesk.com/tech/2024/08/01/crypto-vc-paradigm-invests-in-metadao-as-prediction-markets-boom"},{"date":"2025-02","event":"MetaDAO reportedly hires economist Robin Hanson, originator of the futarchy concept, as an advisor.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2025/02/13/metadao-hires-futarchys-creator-robin-hanson-as-advisor"},{"date":"2025-10","event":"Secondary reporting describes an additional Paradigm investment of roughly $5.9 million and cumulative disclosed funding around $9.9 million, with Variant and 6MV also cited as investors.","source":"Aggregated crypto-news reporting","source_url":"https://www.blockworks.com/news/metadao-solana-governance-platform"},{"date":"2026-02","event":"A security-tracking site flags the domain metadao.ranger.sale as an active phishing site impersonating a crypto brand.","source":"PhishDestroy","source_url":"https://phishdestroy.io/domain/metadao.ranger.sale"}]},"v":1}

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