MycoDAO Raises $468K to Advance Fungal Biotech

Highlights

• $468K raised via Bio Protocol auction; the $MYCO token is now live on Solana
• MycoDAO combines field lab hardware, gamified data collection, and AI-native fungal analysis
• Incentive model rewards contributors with $MYCO for generating and curating mycologicaldata
• Initial roadmap focuses on hardware distribution, app launch, Multi-Agent System
• Long-term goals include: drug discovery, biomaterials development, and ecological remediation
• Led by former Bitcoin Core developer turned mycologist

The overlooked fungal kingdom just got its own BioDAO.

MycoDAO, a decentralized science collective focused on fungi, has successfully completed its $MYCO token generation event (TGE), raising $468K via the Bio Protocol launchpad. $MYCO is now live on Solana, marking a major milestone in decentralized biotech.

The project aims to decode the untapped potential of the fungal biome, home to as many as 13 million species of which only ~150,000 have names.

Fungi are a vast, underexplored domain of biological potential. With up to 13 million species estimated, yet only about 150,000 identified, the opportunity spans drug discovery, biomaterials, and ecological restoration. With a $1.3 trillion opportunity spanning next-gen therapeutics, bioplastics, and climate regeneration, fungi represent a biodiversity war chest.

And MycoDAO is opening it.

A New Model for Fungal Science

MycoDAO’s infrastructure stack is composed of three core elements:

Lab-in-a-Box

Developed by Mycosoft, Lab-in-a-Box is a portable, low-cost DNA sequencing lab designed for use in the field. It enables both professional mycologists and citizen scientists to conduct high-quality biological research outside traditional institutional environments. These hardware devices are built to be modular, scalable, and operable in low-resource settings.