# Metapunk Update: July

By [Metapunk Capital](https://paragraph.com/@metapunkvc) · 2022-07-21

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Writing to you with an update on Metapunk MVF1.

We are excited to have now raised 8 ETH into the fund, with market conditions beginning to look a little healthier and sentiment picking up.

The conversations around building the fund have been more complex in the past few months; the macro situation hasn't made for an easy raise. We're still committed to building this out; however, we will aim to extend the raise period while we keep pushing forward.

I have decided to move forward without a Discord server at this stage. The administration of a server and feedback from the meetings and interviews I've had so far have made it clear that the platform won't best serve Metapunk. As such, we are on the hunt for an alternative option. For now, we will be using a Telegram channel for accessible communication. This will be rolled out soon for any interested parties!

At this point, I’m encouraging folks to think about a minimum commitment of 2.5 ETH. But the maximum is entirely up to each investor, with a cap on the total Metapunk Fund 1 at 300 ETH and 99 investors.

If you’re ready to invest in Metapunk, you can do that right [here](https://app.syndicate.io/clubs/0x76439b19d6b9a662518ece374625e9fa93edddd4?chain=mainnet)!

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*Originally published on [Metapunk Capital](https://paragraph.com/@metapunkvc/metapunk-update-july)*