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Privacy in the market? I'm familiar with that.
My previous firm, Nym, was the so-called privacy king, which was all the rage back then. Also led by a16z, it raised over $50 million in total funding. It launched on Coinlist at a $500 million valuation, and after TGE, its FDV was over $5 billion. Even Binance Launchpool rejected it, wanting to list it directly. Later, it only listed on OKEx, and those who participated in the public offering made at least 10 times their initial investment—it was incredibly lucrative last cycle.
Now, its FDV is only $25 million, but at least it's been resilient.
Don't assume that projects backed by top US VCs, with high funding amounts, and amazing technology can plummet without limits. European and American projects won't try to prop up their prices just to appease their VCs, because the market capitalization is too large to withstand, and project development itself is extremely expensive.
So, where will Zama Aztec bottom out?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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