To get 5B in revenue from a 5% fee on every NFT sale, they need 100B of NFT sales.
TicketMaster, the monopoly of usable NFTs, sells $16B worth of NFTs every year.
To return this investment, they need to become 6x what TicketMaster is.
I think you underestimate the $0 cost pump and dump a16z playbook.
They’ve scammed retail so hard, we just take it for granted how good they are at dumping unregistered securities on the plebs.
Not only is it ~~$0 cost to pre-mine, a16z also figured out there is no need to go public, or become acquired by a bigger PE/VC outfit. They can dump whenever they feel like on the 💩coin bros.
Now they have a platform that is owned by them. Shitcoin B will replace shitcoin A biweekly.
That's my point :)
The only way to make this investment back is to dump on retail.
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