Greg Pleiman (gunkiejay)

VC Trends Rewritten by Gearbox Founder Being an LP (Limited Partner) in a VC these days is one of the most precarious and vulnerable choices you can make. The game has become too complex. It's no longer just a game for GPs (General Partners) who travel and attend dinners; it’s where real money is made. Many well-known funds are starting to experience emotional burnout😢 , becoming complacent, and losing interest in the market, buying up anything and everything. It’s not surprising—many of them aren’t planning to work beyond the current cycle. Since 2021, the strategy of overconfidence has been deteriorating, and many are facing crashes.💔

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Very good actor😇

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gm, 💵 Here's some tokenomics for you: Metaplex charges fees in SOL for its various services. ❇️ As of May 2024, the Metaplex protocol accumulated 103,304 SOL in fees, which were stored in the DAO. ❇️ Starting in June, buybacks of the $MPLX token began, using 50% of current revenue plus historical revenue collected up to May 2024: ❇️ In June, $MPLX buybacks totaled 10,000 SOL, with 4,490 SOL from protocol revenues and 5,510 SOL from historical revenues. For July, the buyback was also 10,000 SOL. This 10,000 SOL is worth approximately $1.7M, bringing the year-to-date total to $20M.

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🗨️Helium Network Thread: Helium Network (HNT), a decentralized IoT network on Solana, has grown by more than 50% over the past 30 days. Helium has one of the largest addressable markets in cryptocurrency, with over 5 billion people connected to the internet worldwide.📶 Despite the growing reliance on the internet, there is a significant disparity in access across different regions.🗺️ In some parts of the world, the cost of connectivity is so high that it makes the internet almost inaccessible. Helium addresses this issue through a global network of Hotspots, which create affordable, long-range wireless coverage for IoT devices.🔚

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