Yat Siu: Trump family crypto project WLFI "looks a bit like a money-making gimmick"
2024-10-21 07:38:59
Yat Siu, co-founder and executive chairperson of Animoca Brands, said that the Trump family crypto project WLFI "looks a bit like a money-making gimmick". Yat Siu said that while Trump has expressed his support for the crypto industry, he and his family have yet to show that they truly understand the spirit and spirit of Web3, which lies at its core in sharing network effects and community building. Jehan Chu, co-founder and managing partner of Kenetic Capital, pointed out that the WLFI token sale is limited to accredited US investors, which makes it impossible for everyday retail investors to participate, while doubts about the credibility of two of the five WLFI co-founders, Chase Herro and Zak Folkman, may dent investor interest.
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