Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
We’ve completed a $10,000 support airdrop in BNB to top 100 wallets affected by the recent Brew ecosystem selloff.
Recipients were selected through an on-chain review of trading activity across BREW and other tokens launched on Brew.
Allocations were proportional to each wallet’s estimated net losses, including both realized losses and losses on unsold holdings.
We know this has been a difficult period for the community. This distribution is a gesture of support for those affected, and we hope it helps.
Transaction:
Keep brewing 💛