@lwsnbaker

"On February 27, 2024, Phantom (the leading Solana wallet) acquired Simplehash (a token metadata API). Thirty days later, Simplehash’s API—used by many of Phantom’s competitors—was shut down. That’s not a typical acquihire or product and revenue acquisition. This sent wallets and a lot of other consumer apps scrambling to find alternatives and wasting time refactoring code. That’s what we’ll call an adversarial acquisition - an acquisition that harms competition." Last year the crypto M&A market got weird. I wrote about it and "Founder Exit Market Fit" in my first publication for @relayzero. https://paragraph.com/@relayzero/doing-the-work-at-relayzero

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