Founders

I get the impression that one of the reasons why dapps aren’t covered enough is because of the money.

When infra projects raise $10-100M, they get a lot of attention. People are like, “Well, if these big funds invested so much in this project, then it must have a lot of potential.”

So then these infra projects get covered in podcasts, Twitter threads, and so on. And receive a lot of (pseudo)organic attention from airdrop farmes who are shilling it all the time and inflating the usage numbers. All while everyone is waiting for the token that's inevitable as VCs need to get their money back. 

All that buzz is ofc based only on some ‘vision’ that 'might be delivered in 3 years', when you - a poor dapp developer - have had a working product and a solid userbase for months.

The only way to win is, I guess, being 'so good they can't ignore you' :)

lol Ivan even went one step further (tweetrel)

SCOOP: Bitget’s L2, Morph, was plagued with founder tension, lavish spending and a lack of direction which has led to layoffs and a “shadow CEO,” sources tell Blockworks

https://t.co/OtiBdNpGSR

Did you know that the majority, almost every project, especially L1s/L2s - are not made by real teams this cycle? They are fake teams installed by incubators 🥶

Zero passion, zero desire to make things work. Just first month pump&amp;dump for the chosen maliciously unlocked holders

ivangbi 🦞

lol Ivan even went one step further (tweetrel)

https://x.com/ivangbi_/status/1922509592967135374

Used to build @kiwi | https://macbudkowski.com/

Creative overload! How do you keep coming up with these incredible ideas? You’re a visionary, plain and simple.