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ponzitalk

Been checking Echo from Cobie recently, mostly Monad projects for now. Not really a fan of chain specific apps.

But what caught my attention the most is, while platform is launched on premises of giving a collective retail group an early investing opportunity (in contrast to predatory pre market dynamics of VC projects), most apps did not really seem that "cheap" to me.

All of them 50m+ valuations. Which may not seam like a lot, but given many projects that raised from VCs earlier this year, launched token summer/early fall (with alt market bleeding), their valuation is equally reasonable. 

You often see fat discounts to previous rounds. And unlike Echo potential selection is much much wider.

Interestingly enough, one sector that gives fat discounts right now is SocialFi, if you bullieve in it, of course.