Seasoned crypto entrepreneur Kain Warwick analyzed concept of 'points' in early-stage crypto protocols and admitted decisive role of meta narratives at this stage
Seasoned crypto entrepreneur Kain Warwick analyzed concept of 'points' in early-stage crypto protocols and admitted decisive role of meta narratives at this stage
It’s been a while since I’ve put my theadoooooor hat on, so let’s have a little chat about capital formation incentives in crypto.From the seed investor's point of view, the signals of project's traction — in terms of user base, potential customers, airdrop farmers — remain unchanged: VCs are looking for products with growing TVL, large numbers of X and Telegram followers and so on.
As such, introducing points, pioneered by Blast, an overhyped OP Stack L2, became the natural way for teams to prepare for fundraising: Seed rounds completed at $10 million-$50 million in FDV are"pure cope" for investors, and almost each of them is in profit at the end of the day, Warwick admitted.Personally, he recommends to reveal a token for retail at $10 million-$1 billion valuation after three rounds of private/seed funding with VCs:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Synethix founder Kain Warwick targets mid-May launch for Infinex DEXDecentralized derivatives exchange front-end Infinex is targeting a May 13 launch pending a final vote from Synthetix’s governing DAO.
Read more »
Memecoins’ mass appeal makes it valuable to DEXs: Kain WarwickSpeculative crypto memecoins are interesting to the masses, which are a windfall for decentralized exchanges, says Kain Warwick.
Read more »
Dionne Warwick on Her Rock Hall Induction: ‘I’ve Never Considered Myself a Rock & Roller’Dionne Warwick says she's never thought of herself as a rock & roller
Read more »
Willow: Warwick Davis, Family Start Little People UK Donation PageThis November, the magic returns✨ Watch the new trailer for Willow, an epic new Original series streaming only on DisneyPlus.
Read more »
Willow: Warwick Davis Signing Off Social Media; Children Offer UpdateThis November, the magic returns✨ Watch the new trailer for Willow, an epic new Original series streaming only on DisneyPlus.
Read more »