And weirdly, many of those curated sucker lists were built up with hundreds of millions of VC funding, so they’re going to be treated like ordinary corporate as

And weirdly, many of those curated sucker lists were built up with hundreds of millions of VC funding, so they’re going to be treated like ordinary corporate assets. Take OpenSea. Assuming the NFT hype doesn’t suddenly resurrect itself, there’s no way the company can ever reach 2021 revenues and the lofty valuations it enjoyed in its Series C round. VCs won’t have endless patience for funding down rounds. But the sucker list can be monetized by less-than-scrupulous actors. Maybe we’ll see a special brand of private equity operators who buy these distressed former crypto high-fliers and milk the remaining user bases for years to come.