@derek

Everyone: I’m working on a new thing full-time. It started as a Birthday Labs project, and has become its own larger thing, and will be taking all of my time. Rather than prolonging the inevitable, I want to be clear: the new thing is a separate company and product. With a team. It’s not a rebrand or migration. People who previously bet on Native as a bet on me, and because of that tie, there’s a lot of frustration and anger and I get that. I’ve made a lot of mistakes over the last year, and I hope there’s some understanding there from you all. It’s hard. There’s also a lot of folks who are excited about what’s next and they trust me to do right by Native holders. That’s my plan. I will continue to use my personal capital to buy Native. I want to find ways to reward that belief in me, as it’s allowed me to build over the last year. But I’ll be honest: I won’t make new promises about it. What I CAN promise is that I’m *personally* invested in finding the best path forward for people who have supported me via Native. And I’ll prove that. What I can also say for certain: • Native holders will receive access to the new product, which is built • Snapshots are being taken so I have a record of who supported Native, and me The new direction: infrastructure with a dataset that doesn’t exist onchain yet. While not related, it’s in the same domain as Native: mirroring our economy onchain. For Native, I’m happy to work with folks who want to work on the idea. There is a TON of code written for Dots, agents, and the Native context. I’m happy to open-source it, hand it over, etc. if there’s a plan in place. I’m happy to help fund the costs of running it. I’m happy to give over fees to a new group. There’s still a path forward for Native as a project if the community wants it. There’s no easy way to “wind down” a project when there’s an associated token. There are a lot accusations and frustrations and misunderstandings. I hope that when you step back, you see that I’ve: • Used my real identity so that I have to directly deal with this head-on. • Constantly been communicative (the best? No, but I’m here.) • Open to feedback and ideas here • Tried to do the right thing with my ownership • Pushed through difficult times that made it hard for Native, including Base, Clanker, and Farcaster turmoil over the last year. Once again, I’m so very grateful for those of you who understand the difficulty here, and who have been supportive. Thank you.

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