expect to see way more dats become melting pots of other dats and become more ~fungible with each other. imo this 'forced' diversification may be one of the silent killers as dats nearing subpar mnav levels look to spring back. haircuts assigned to dats they scoop up will be wackier than you think. will see dats split into two buckets: one being a forced buyer of native yield (credit knockoff, i.e. @SharpLinkGaming ) and the other functioning effectively as a native denominated coin fund (liquid knockoff, i.e. @BitMNR) you can already tell which dat will end up in what bucket, esp with these recent & upcoming sol ones. wouldn't be surprised if these emerging 'tvl' funds in the space end up being a relay for onchain vault protocols and market to the former category of dats re: stacking yield. could also build this dat<>vault relay directly on @ritualnet as a one-stop shop. on an unrelated note re: when (if) some of these dats mature to raising via converts, latter category of...
BREAKING: Tom Lee's Bitmine $BMNR is making their first "moonshot investment" into $OCTO, a company that will initiate the world’s first Worldcoin (WLD) treasury strategy.
Dan Ives has been announced as the chairman of the board for the company.
The investment will be $20M.
Worldcoin is a crypto currency developed by Sam Altman. World currently has created nearly 16 million zero knowledge Proof of Human accounts in over 45 countries.
Tom Lee: “BitMine wants to support and back innovative projects that create value for the Ethereum network. As an ERC-20 native token, World is aligned with Ethereum. World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and their billions of human users."
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