From the perspective of seed investors, project traction signals such as user base, potential customers, and ethereum farmers remain the same.
However, investors still use these primitive measures of social engagement to count the number of potential buyers of retail tokens.
So introducing scores, pioneered by Blast, which has been heavily marketed as #OP Stack L2, was a natural way for the team to prepare for fundraising:
Warwick admits that seed rounds, which can be raised between $10 million and $50 million in FDV, are "pure profit" for investors, and at the end of the day almost everything ends up in profit.
Personally, he recommends selling tokens at a $10 million to $1 billion valuation after three rounds of private/seed rounds of venture capital funding:
He also recognizes that a retrospective #issuance of ether between 2021 and 2023 could serve as a way to introduce tokens to a large number of retail holders.
As U. Today previously wrote, Warwick assessed the euphoria over memes as a natural catalyst for #CryptoWatchMay2024 L2 adoption.
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