The
@linera_io sale is turning out pretty much as I expected.
Only ~$93K of the $3.2M target has been committed so far. The main culprit here is the crazy high FDV ($160M).
For comparison,
@WalletConnect sold at a $200M FDV in 2025, despite already being one of the most established infrastructure products in crypto.
That makes $160M for Linera hard to justify at this stage. At least for me.
I think somewhere around $50M to $100M would’ve made the sale much more attractive and left buyers with a better risk-to-reward setup.
At this FDV, I'll pass thank you.