A software development team backing a blockchain-based social media venture is moving to refund the $180 million that venture capital firms poured into the platform. The move signals an important shift within the crypto space—what we're witnessing now is a consolidation phase across some of the most experimental segments of the blockchain industry. As ambitious projects face real-world challenges, capital discipline is becoming the new narrative, and not every experiment makes it to the finish line.

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Rugman_Walkingvip
· 01-25 07:47
The refund has been issued. This round was really heartbreaking; $180M just disappeared like that.
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BoredStakervip
· 01-23 18:28
This is what I want to see. Finally, there is a project willing to admit failure. Much better than those who stubbornly cling on.
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SandwichTradervip
· 01-23 05:31
$18 billion wasted, is this what they call "innovation"? That said, it was about time for it to go bankrupt.
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ContractCollectorvip
· 01-23 05:29
$18 billion wasted, this is the true portrayal of Web3 entrepreneurship.
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RugDocScientistvip
· 01-23 05:09
Another money-burning project can't go on anymore. This time, 1.8 billion USD went down the drain. Really, this is the current state of Web3.
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