April 2022 — A letter to our valuable investors
Dear our fellow investors,
The first quarter of 2022 has passed. Amidst a world run by trust, we are honored to earn yours. With time, Metain has grown into a full force, ready to take on the world by storm in the following months. In this newsletter, we want to share with you some great news on the progress of our labor. From the development of our product to partnership and investment from all the big names, these are surefire momentum for the next quarter. Coming off a solid start to the fiscal year, the Metain flywheel keeps our momentum high to deliver a bonza Q2.
We play the long game. Our dedicated team is marching forward with our eyes on the horizon, shaping the future of real-estate investment every single day so our stakeholders are equipped for whatever comes next.
Ambitious investment from IDG Capital
On March 7th, IDG Capital announced investment in Metain to lead the NFT-empowered real estate trend in Vietnam. Through our signed SBA, IDG Capital will invest 15% in Metain’s equity & lead the coming seed round. This deal marked the first time that IDG Capital Vietnam invested in a blockchain startup. They praised Metain’s smart strategy in choosing CBD, income-producing assets, and have full trust that the partnership will foster the development of NFT real estate and attract more global investors.
IDG Capital brings a powerful combination of global perspective and local experience to investment management, focused on developing extraordinary companies through expertise in private equity and venture capital, as well as real estate. As long-term value investors, IDG Capital’s team is highly skilled at mobilizing global resources to address local needs, especially for inbound and outbound opportunities in Asia.
Drumrolls, please! Binance Labs Season 4 Shortlist
After Binance Blockchain Week 2022 in Dubai, we are proud to announce that we have been shortlisted into the 2nd round of Binance Labs’ Incubation Program Season 4. This proves the potential of our model, as well as the strength and reliability of our team is among the most promising blockchain projects, founders, and BUILDers worldwide. While we won’t count our chickens before they hatch, this inspires our team to work harder to bring the vision of equal opportunities in real estate closer to reality.
Metain’s dApp taken shape with 80% progress
We are pleased to see the Metain’s app taking shape day by day. Now reaching the milestones of 80%, Metain’s app will soon start its mission to enable the future of real estate investment. We will put it through rigorous tests to ensure both quality & security, and with the audit results from one leading name in blockchain security, we can touch up and patch the app to be market-ready in a month and a half.
Signed with Certik — a move to solidify and bolster our backend security
Metain has prioritized security from Day 1. We have kept it front of mind and front of policy from the very start of app development. This is the reason we have approached Certik to sign a security audit for our code & smart contracts. Nothing can say “sure” or “safe” better than an affirmation from the leading authority in blockchain security, who has conducted over 1,800 audits across all major protocols. Certik is a trusted and recommended blockchain and smart contract audit provider by top exchanges like Binance, OKEx, and Huobi.
After the recent misfortune that happened to Axie Infinity, this incident raised concerns against security and exploitation in blockchain. Our team has sat down, decided to learn from Axie’s mistakes and taken extra measures to secure investors’ interest. Approaching the situation with the mindset “there are never too many locks and armors”, we go the extra distance to arrive at the most secure backend possible for the Metain app. We are confident that this preventative move will eliminate the last security vulnerabilities in the app, helping it withstand the most rigorous attack and thorough cybersecurity techniques, checked and cross-checked by industry leading third parties.
Here comes two additional forces
To accommodate all these changes, we welcomed on board Mr. Charz Kelso and Mr Khanh Nguyen.
Mr. Khanh Nguyen will be the new CIO. Khanh has 15 years of experience in financial and real estate investment industry, covering valuation, asset management, investment and business development. He had worked at Mapletree Vietnam (top 3 REIT Company in SEA) as Associate Director, in charge of Business Development, Investment and Asset Management, managing a real estate portfolio US$200mil.
Mr. Charz Kelso takes the role of the Head of Outreach. He built an extensive network through 18 years of experience across industries, most notable as the man behind SnippetMedia and gym franchise Pretty Huge, the right hand man to Kho Group’s Chairman, advisor of Dust of Gods. His time managing partnerships at Richard Mille, Chow Tai Fook, Master Ren Zhe/Adidas and representing all TKG customer facing businesses also armed him with hands-on know-how in the partnership and media scene.
A bearish BTC/ETH/BNB market
The recent drops in BTC/ETH/BNB also take a toll on Metain’s plan bottom lines, since $MEI token price is tied to that of BNB. To protect Metain’s angel investors interest, we have our team keep an eye on the market to figure out the best launching window, while preparing for our IDO.
An update on roadmap
With all this exciting news, we believe our strategy and timeline need a rework to reflect, and better accommodate all the benefits it brings.
That’s a wrap. Stay tuned and don’t forget to follow us on social media for more timely updates!
METAIN (metain.io) is the co-investment platform that brings earning to NFTs and stablecoin holders with compelling interest.
We aim to be the 1st REIT (Real Estate Investment Trust) NFT exchange and ecosystem built on Blockchain to provide the most secure experience for investors.
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