PluggingNetwork
218 posts
@pluggingnetwork
First social layer launchpad on @base
just to say it out loud: the @base core team will not "support the chart behind the scenes" — if what you mean is privately / behind the scenes coordinating and deploying capital to actively drive the price of an asset up in an attempt to get to a specific outcome. this would: - actively disadvantage other assets - not be repeatable or long term - violate our values around free and open markets - likely be against the law we can and will drive distribution and visibility to high quality assets and apps — and we have lots of room for improvement for how we do that. that's why we work tirelessly to bring in more capital and eyeballs and surface what's happening on base. but base — and every market — deserves to be free, open, and fair and it's my job to ensure that remains the case.
We need to make capital formation way easier for private companies. There's such high demand for some of the large private companies, it's actually a good example of the unintended consequences of higher regulation. Right now, companies are incentivized to stay public for too long. Companies stay private for years, and all the money is made by private/credit investors. When they go public, price performance often isn't great. There's no liquid market setting proper valuations early in the lifecycle. Eventually, you'll be able to go public entirely onchain, which will dramatically lower costs, reduce friction and increase access. Hopefully very soon!
