a16z's Dixon Denies Public Token Sales, But Portfolio Tells A Different Story: Report
Portfolio Pulse from Murtuza Merchant
Chris Dixon of a16z claimed on the Hard Fork podcast that their portfolio companies do not sell tokens to the public. However, a review of a16z's investments shows otherwise, with DFINITY, Fei Protocol, and Sky Mavis (Axie Infinity) having conducted public token sales. Additionally, a16z-backed companies like VeeFriends, Yuga Labs, and PROOF Collective have sold NFTs to retail customers.
January 30, 2024 | 10:31 pm
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Sky Mavis, developer of Axie Infinity, which is backed by a16z, conducted a public sale of AXS tokens on Binance Launchpad, contradicting a16z's public stance.
The public sale of AXS tokens by Sky Mavis, despite a16z's claim, could lead to negative sentiment among investors and potentially impact AXS's price negatively in the short term due to perceived governance issues.
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