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Even serious crypto people knew that UST was highly unstable lol How did these guys raise funding? They literally just built a fiat onramp
by puranjay 4y ago
Even serious crypto people knew that UST was highly unstable lol
How did these guys raise funding? They literally just built a fiat onramp
- ushakov 4y ago> How did these guys raise funding? either the investors didn’t do enough research or they were on it https://davidgerard.co.uk/blockchain/2022/04/11/web3-a-vc-funded-gig-economy-of-securities-violations/ https://davidgerard.co.uk/blockchain/2022/04/11/web3-a-vc-fu...
- gabereiser 4y agoThis article is spot on to what I saw in the VC space (I won’t name where). Tons of little copycat crypto “companies” taking VC money for tokens which were collateralized with BTC. I know this article is going after a16z but it’s not just them, it was pretty much everyone.