---
type: entity
entity_type: company
name: Metaplex Genesis
domain: internet-finance
status: declining
tracked_by: rio
created: 2026-03-11
key_metrics:
  q3_launches: "5 launches / $7.53M"
  q4_launches: "3 launches / $5.4M"
---

# Metaplex Genesis

Metaplex Genesis is a curated token launch platform on Solana that is experiencing declining activity. The platform represents the middle ground between permissionless chaos (Pump.fun) and futarchy-governed curation (MetaDAO), but is losing market position to both extremes as the launchpad market segments.

## Timeline
- **2025-Q3** — Launched 5 projects raising $7.53M total
- **2025-Q4** — Declined to 3 launches raising $5.4M total, showing 40% drop in launch count and 28% drop in capital raised

## Relationship to KB
- Part of the Solana launchpad competitive landscape alongside [[metadao]] and [[pump-fun]]
- Demonstrates that traditional curation without futarchy governance is losing ground to both permissionless volume and mechanism-driven quality