this is what happens when airdrop farmers end up as founders and team members of projects like
@ritualnet
this space is so cooked that 99.9% of web3 projects don’t even try to live off revenue, cuz their product has no real use cases at all.
their playbook is simple : give the team a fat chunk of the tokenomics, wait for the unlock and dump on retail.
no product, no revenue, only exit liquidity.
that is a big reason why VCs stopped investing in crypto and pivoted to AI.