

TheChunkyOne ✨
3.3K posts

@TheChunkyOne_
On-chain JPEG collector, Invest00r, marketing person @Gvrn_ai @ConstellationVP @memeland






Another incredibly underwhelming launch today: Aztec They raised $157M and are now trading at $59M market cap, $215M FDV. Even that feels too expensive. Their public sale two months ago was at a $480M FDV, immediate losses of over -50%. Retail is down bad. a16z and other tOp TiEr investors are probably down even worse. This reflects everything that’s wrong with the industry: - Massively overfunded VCs bidding valuations to infinity - Founders with ego issues allowing bids to infinity - Too much focus on infra and academic experiments instead of real businesses with revenue - Blind public investors aping for quick flips without understanding what they’re buying Stop complaining, because as long as you won't show more discipline with your investments, nothing will change.


.@MeteoraAG is a token AMM, and we need to make tokens great again. Today we’re announcing @BedrockFndn, our attempt to rebuild Internet Capital Markets, with real foundations. Bedrock is a joint venture with @GVRN_AI, a leading LegalTech firm based in Singapore. Bedrock's goal is to create frameworks, innovate with our partners, or solve legal problems and help bring ICM into reality on @MeteoraAG. Additionally, we've formed Bedrock Foundation -- a new independent, ownerless foundation with one goal: to own equity, IP and other assets on behalf of tokenholders. With Bedrock Foundation, we will work together with any @MeteoraAG powered Launchpad to bring tokenized equity to life on Solana. We are also excited to work with existing tokenized equity teams to improve their frameworks with our legal muscle. We will build the public goods for Meteora's partners to leverage, and bring ICM to reality on MeteoraAG.









Introducing the Open Gas Initiative - a way for protocols to subsidize gas for users, zero-code, for a seamless, frictionless onchain experience. With OG cohort: @eigencloud, @ether_fi, @pendle_fi, @Velvet_Capital. 👇
