Web3 Co-Working Hub EmpireDAO Closes Amid Bear Market Woes

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Web3 Co-Working Hub EmpireDAO Closes Amid Bear Market Woes
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.EmpireDao, a Web3 co-working hub that has amassed a community of over 1,500 members, is closing its doors at 190 Bowery in Manhattan. elitanjourno reports

“We tried every which way to get new sponsors, partnerships and even crowdfunding,” Fraitta said. “But we needed more help to sustain at 190 Bowery.”to save the EmpireDAO office space in December 2022, with hopes of raising 215 ETH . But the effort ultimately fell short, receiving just 27 donations for a total of 6.71 ETH, or about $8,100 at the time of writing.

While EmpireDAO’s Soho location is shutting its doors, Fraietta has plans to eventually re-open in another spot for “Season 2” of the DAO, along with potential EmpireDAO pop-ups at upcoming crypto conferences, as well as this year’s SXSW in Austin, Texas, in partnership with ATX DAO.of EmpireDAO’s closure was met with hundreds of supportive comments in the group’s Telegram chat.

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