Over the last year MedDAO has engaged with some incredible thought leaders in the DeSci space, for which we are immensely grateful. While our vision for developing a new value layer in healthcare is still in the early stages, we are encouraged by the foundation being laid to ultimately make it a reality. We remain committed to the belief that this needs to be a public good, built without the promise or expectation of profit, but rather because it’s the right thing to do.

While the founding team invested considerable time and money building and supporting MedDAO, we underestimated the commitment required to establish the critical mass needed to make it successful. Over the last four months we’ve searched for people and/or entities to take over the project to no avail, so it's with a heavy heart that we made the difficult decision to wind it down.

As a reminder, no one associated with MedDAO ever bought or sold tokens and none of the founding team received any economic benefit from the project. MedDAO’s Ethereum wallet received $2,406 from two grantors: $1,906 from DAO Drops and $500 from Algovera, none of which was used. All funds were returned to the senders, which can be validated here.

—The MedDAO Founding Team