crypto

L3s are not market led. It’s just a way to construct a venture backable business

Working on building zkTLS infra/products. A ruthless empiricist and meme connoisseur.

/opacity

and

/eulerlagrange

Name a venture backed L3 that raised *after* positioning as an L3

friendly neighborhood shitcaster // working on @pinetree

Doesn’t matter, they still have to deliver a venture scale outcome.

Ah my b

I see what you’re saying now - It’s a tactic to try and get a venture scale outcome

Bad tactic lol

My point is even if you raised on no-L3, you make something like Degen. By itself it can’t deliver a venture scale outcome, so you might do an L3 even if odds of success are low.

I’m not sure I follow

I agree with you - L3s are 100% not market led, nobody is asking for them

But I also don’t think they’re venture backable - nobody is funding them

It’s more like a Hail Mary by token issuers who think “gas token make number go up haha”