🤯 CNN Rug Pull? Gomu Seed Round

What The Heck Is Going On?

• CNN Rug Pull? 🤨

• Gomu Closes $5M Seed Round 💸💰

• What The Meme?

WTF CNN?

CNN's Vault will no longer be developed or maintained.

What does that mean?

Well, many are calling this a rug pull - a scam.

Here's their statement:

CNN calling this a 6-week experiment is a little misleading... look at their roadmap:

Of course, execution is everything, not every project will work out.

But CNN has ridiculous profits and is more than capable of fulfilling its roadmap for its community.

Jason, an admin in Vault's Discord, said in a message that they will be offered as either Flow or stablecoins valued at approximately 20% of the original mint price for each NFT owned.

Vault NFTs will continue to be accessible and tradeable on NFT marketplaces, but investors are pissed.

20% seems ridiculously low. Especially for a company of this size.

Shitty. 💩💩💩

Gomu Raises Seed Round 💰

Gomu, an NFT infrastructure company, closed a $5 million seed round, the company announced Wednesday.

Venture capital firms that invested include Coinbase Ventures, DeFiance Capital, Saison Capital and others.

They provide industry-leading data and powerful developer tools for you to build native Web3 applications and experiences easily and securely for your users, with 99.9% uptime.

Here's their site:

What The Meme?

That's all folks!

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.