Just remember @wormholecrypto raised $225m at a $2.5b valuation.
VCs very likely have token warrants that convert later this month with a decent lockup.
@MadLads each got 16,000 tokens (insane).
$W is trading around $2.5 premarket. W has a supply of 10 billion tokens, with an initial circulating supply of 1.8 billion.
FDV = $25b (10x for VCs)
Current Market Cap = $4.5b
@chainlink is $11b market cap & FDV = $20b so this pricing makes alot of sense.
Potentially a conservative 2.4x on token prices ($5-$7 W).
How to bridge inside @Backpack from @solana to @ethereum & vice versa.
@armaniferrante & @yver__ ship so fast they didn't have time too make a tutorial so here you go in 30 seconds 👇
Check your Backpacks 🎒
Wormhole is now live inside the @Backpack wallet, powering seamless multichain interoperability.
Backpack is a leading digital wallet building a simplified crypto UX for users. More ⤵️
I’ve seen a lot of misconceptions about app chains and l2s recently. Verifiable computation, whether it’s centralized or decentralized, is a fundamentally valuable thing. The world needs more of that.