Modern Mast Corporation

About

Modern Mast Corporation is a technology firm that specializes in providing a no-code platform for launching and managing Decentralized Autonomous Organizations (DAOs), enabling seamless community collaboration and governance.Founded in 2019 and headquartered in New York, US, Modern Mast Corporation offers a platform designed for the management of DAOs. The company has engaged in three deals, with its latest funding, a Series A round, raised USD 12.5 mn on March 9, 2022, led by Boldstart Ventures and featuring participation from various investors, including Alpaca VC and Tiger Global Management. The founders, Alex Vratskides, Alexander Taub, and Michael Schonfeld, have a background in technology and entrepreneurship, contributing to the company's strategic direction.Upstream, the flagship product of Modern Mast Corporation, is a no-code, full-stack platform specifically for launching and managing Decentralized Autonomous Organizations (DAOs). The platform includes features such as voting, chat, event management, proposal creation, governance, and treasury management, all designed to simplify the DAO creation process for users without technical expertise. Targeted clients include community organizers, NFT projects, and investment clubs, primarily focusing on markets with increasing blockchain adoption, including North America, Europe, and parts of Asia.Modern Mast Corporation's revenue model is based on subscription plans that provide access to its DAO management services. These subscriptions allow clients to create and manage DAOs while utilizing governance and voting tools. The platform may offer tiered pricing to accommodate varying needs, spanning from small community-focused DAOs to larger organizations, with ongoing support and updates included. This structure positions the company to generate recurring revenue through its SaaS model as it expands its user base in the blockchain sector.In March 2022, Modern Mast Corporation raised USD 12.5 mn in Series A funding, led by Boldstart Ventures, to enhance its team and invest in events, programming, and content. The company aims to become a leading resource for learning about cryptocurrency. Future plans include launching new products designed to enhance user engagement and expanding into new geographic markets, focusing on areas with growing interest in blockchain technology. The efforts from the recent funding round will primarily support these growth initiatives.