Fake raises, Real Losses: Lessons from Zama venom and more
In a world filled with lies, hype, and the mantra "fake it till you make it", and a world where price action is gorged and funding claims are often fake, everyone, especially CT, needs to open their eyes wide before believing tantrums projects thrown at them .
A few moments ago, while wracking my brain about what to write on @zama_fhe, the
Confidential Blockchain Protocol that enables developers with the ability to write confidential smart contracts, so they can build decentralized apps with full privacy and confidentiality on the blockchain, leveraging Fully Homomorphic Encryption (FHE), I took a drive to my regular go-to research site (cryptorank).
On getting there, I typed the keyword "Zama" and clicked. In less than a few secs, I landed on the funding page. While all the information about the project stared at me, one thing stood out: the funds raised.
#ZamaCreatorProgram
Introducing @zama_fhe OG nfts and $50,000 monthly creator incentives
🚥🚥🚥🚥
⏳3 mins read
💰$130mn raised
🗓️Mainnet in Q4
AIM: To incentivize real contributors with quality contents .
A THREAD 🧵🧵
Nigeria has produced a little above 10,000 doctors since inception.
How do you intend we produce 400,000 when we can't even retain the little we've produced?