The story of this public chain started back in 2018. At that time, the company had just been established, and it wasn't until 2022 that the technical framework was actually written into a white paper. In June of the same year, the testnet was launched for trial, and by December, the mainnet was officially up and running. This pace of progress actually reflects that the project was not decided impulsively, but was the result of thorough preparation.
What’s even more noteworthy is the turnaround at the end of 2023. The project completed a brand upgrade from its predecessor Virtua, and the token was directly exchanged one-to-one from TVK to the new token, fully focusing on the entertainment and gaming track. Such a major adjustment usually indicates that the team has gained a clearer understanding of the market.
From a financial perspective, the project has raised a total of $2.61 million, with strategic financing accounting for $2.5 million (96%), and only $105,000 coming from public sales. Participating institutions include well-known players like Hashed, NGC Ventures, and LD Capital. The initial valuation was set at $20.8 million. This financing structure shows genuine institutional support with real backing, rather than retail investors piling in.
What is the current financial situation? The circulating market cap is around $13.36 million, with a 24-hour trading volume approaching $2 million, and a turnover rate of 14.89%. Although the overall scale is not large, the characteristic of "steady existing holdings + internal ecosystem circulation" is gradually becoming apparent.
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NotFinancialAdvice
· 01-21 02:29
Wait, 96% institutional financing structure? That's so outrageous! Retail investors are losing heavily.
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IfIWereOnChain
· 01-20 14:47
Wait a minute, how is this financing structure so outrageous? Retail investors only received 105,000?
View OriginalReply0
BuyHighSellLow
· 01-20 14:42
Haha, the institutional dad is leading the way, retail investors are being cut again.
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GateUser-e19e9c10
· 01-20 14:37
This financing structure is really excellent, with 96% of the strategic partners having a solid foundation.
The turnover rate is a bit low, and liquidity still needs to be improved.
From 2018 to now, the overall pace has been quite steady, but the performance after the mainnet is indeed average.
The one-to-one exchange operation, is it really a gamble in the gaming track?
Institutional endorsement is a good thing, but it depends on whether they can survive in this bear market.
The circulating market cap is only over 13 million, which is still too small.
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SybilSlayer
· 01-20 14:36
Oh no, another project backed by an institution. I'm really starting to feel some fatigue.
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96% of funding in the strategic round? That logic feels a bit off.
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Rebranded and reborn from Virtua, betting on the gaming track, they really have guts.
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Turnover rate less than 15%, liquidity is indeed a bit tight.
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From 2018 until the white paper in 2022, that requires a lot of caution.
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Both NGC and Hashed are in; at least the institutions haven't lied, right?
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The mainnet has been running for less than two years, the parameters look good but how genuine they are is still hard to say.
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SquidTeacher
· 01-20 14:34
Haha, institutions are teaming up to come in and exchange at a 1:1 ratio. This move is pretty aggressive.
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OnchainDetective
· 01-20 14:33
Wait, 96% strategic financing and only 105,000 in public sales? There's something interesting about this funding structure... According to on-chain data, what does such an extremely disproportionate ratio usually imply? Early retail investors can't get any of the benefits; it's all institutions flipping.
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HackerWhoCares
· 01-20 14:28
Hmm, the tactics of institutional collusion, retail investors have to take the fall again.
The story of this public chain started back in 2018. At that time, the company had just been established, and it wasn't until 2022 that the technical framework was actually written into a white paper. In June of the same year, the testnet was launched for trial, and by December, the mainnet was officially up and running. This pace of progress actually reflects that the project was not decided impulsively, but was the result of thorough preparation.
What’s even more noteworthy is the turnaround at the end of 2023. The project completed a brand upgrade from its predecessor Virtua, and the token was directly exchanged one-to-one from TVK to the new token, fully focusing on the entertainment and gaming track. Such a major adjustment usually indicates that the team has gained a clearer understanding of the market.
From a financial perspective, the project has raised a total of $2.61 million, with strategic financing accounting for $2.5 million (96%), and only $105,000 coming from public sales. Participating institutions include well-known players like Hashed, NGC Ventures, and LD Capital. The initial valuation was set at $20.8 million. This financing structure shows genuine institutional support with real backing, rather than retail investors piling in.
What is the current financial situation? The circulating market cap is around $13.36 million, with a 24-hour trading volume approaching $2 million, and a turnover rate of 14.89%. Although the overall scale is not large, the characteristic of "steady existing holdings + internal ecosystem circulation" is gradually becoming apparent.