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Does no one think it's sketch that the Apes(all of them) is funded by a VC Firm?

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by COINS NEWS 173 Views

I just find it quite odd that the largest NFT projects, the Ape Series(Bored, Yacht, etc.) is completely backed by a major silicon valley VC Firm. I personally don't trust that the backing is from a institutional group with a lot of unknown hands in the pot. VC Firm: Andreessen Horowitz (a16z) AUM: $18.8B (pre-launch of Apes) I realize that they weren't the ones that created, but instead funded the creators(Yuga Labs). I just think it's not within my comfort zone. I haven't been able to find any information about the founders having coding experience or even what their previous jobs were. Feel free to list their experiences in the comments. With the creation of Ape Coin, this could be a project that will stay, but I fear it may be only hype due to lack of experience and interests from the VC firm making the situation too big to handle. Some of the yields described by people for when the meta verse goes live for the Apes projects, makes this feel unsustainable. I might be tripping, but this reminds me of some other projects from late 2017/early 2018 that went bust and decimated the market.

submitted by /u/gregisnonexistent
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