Vanaの‌価格VANA

Curious about Para? Hear from @anna_kazlauskas, creator of @vana

Early-stage locked token investing in crypto is super fucked now. Most teams (pre-seed/seed) raise $2-4M, and less than 10% of them ever launch a token. Why? The launch costs have ballooned. MM deals, liquidity, listings (major), legal, infra, and everyone’s banking on a bigger next raise. No follow-on = no token. Now, if they do follow-on rounds and launch, you’re cliffed for a year and unlock slowly over 2-3 years. By the time your 25% vests (maybe 18 months in), the team’s already sold, the foundation sold, the airdrop farmers dumped, MM has offboarded, and the chart's nuked. It gets worse. Before, some MMs would simulate sell pressure by borrowing tokens OTC and short-selling into hype, knowing they'd buy back from your unlocks later. Now they don’t even need that. Shorting infra’s way better now: hyperliquid, lighter, extended, etc list new perps within 7 days, no need for spot, no need for float, no way to defend FDV. Hedge funds just farm the hype and short into oblivion. $GRASS $VANA $ZK $OMNI ….list goes on. And you? Stuck with locked paper no one wants, no voice, no exit. LPs are angry, founders are raising again, community hates the unlocks. You are exit liquidity, 2 years late. Unless you have founder edge, liquid deals, or insane terms (even then it's very difficult), you're better off farming or shorting the post-launch. This game is rigged. But now, you don’t have to be exit liquidity. You don’t need access. You don’t need setup. You can short the same ponzis from the outside and make it. P.S: This is mostly about pre-PMF infra tokens. If you’re betting on vibes, at least know the odds.

又一个项目TGE时就带着ARR成绩单了！最近， @SpheronFDN 带着1,300万+美元的ARR收入宣布TGE了。营收跑出来，生态跑起来，再来谈TGE，这样的标准会成为以后AI infra赛道TGE的标配么？来具体看看， Spheron这个项目： 1）Spheron Network是一个去中心化计算网络，通过汇聚全球GPU/CPU资源为AI训练、推理和渲染等高性能计算任务提供服务。除了算力资源外，平台还集成了IPFS存储、ENS域名管理、基于Arbitrum的智能合约部署等配套服务，能够为AI开发者提供相对完整的基础设施支持。 从技术架构看，Spheron构建了一个相对完整的产品矩阵，覆盖了从算力供给到应用场景的各个环节。 Fizz Nodes作为整个网络的基础设施核心，允许个人用户——特别是游戏玩家将闲置的GPU/CPU贡献给网络，通过简单入驻流程赚取收益。这种设计大幅降低了算力供给门槛，把分散的个人设备都纳入进来，以B2C收入分享的模式，快速形成了一个去中心化算力网络。 KlippyAI则作为AI视频创作工具直接面向C端用户，以 $SPON 代币支付服务费，其目前已经在Base L2生成近5000个AI视频NFT数据； 而Skynet区别于大部分Agent还以来开发者账户获取计算资源，尝试让AI Agent直接用代币支付算力，同时提供从钱包创建到合约部署的一键化服务。 此外，Supernoderz（节点即服务）、Aquanode（AI推理工作负载）、Spheron Console（一键GPU访问）等产品，与Fizz Nodes共同构成了从供给到需求的完整闭环。 2）从运营数据看，Spheron已经展现了一定的网络规模。44,000个活跃节点分布在170多个国家，提供8,300多个GPU和60多万个CPU的计算能力，每周支付超过50万美元的节点奖励。尤其是，营收结构方面，13M +万美元ARR中AI业务占了760万美元，说明AI应用确实产生了真实的付费需求。 但这套双边市场模式的可持续性，本质上取决于供需两端能否保持同步增长。 算力供应方获得代币奖励，需求方支付代币使用服务，平台收取服务费——听起来很美好，实际运行中却面临不少挑战：去中心化网络的服务质量能否稳定？与AWS、Google Cloud这些巨头的成本优势能维持多久？ 3）AI Agent基础设施确实是个处于早期的大市场，Spheron通过提前布局相关服务，在时间窗口上有一定优势。但这个赛道的竞争远比想象中激烈。 @hyperbolic_labs 、 @ionet 、@vana 、 @SaharaLabsAI 等平台各有差异化定位，都在AI infra服务上发力。 市场格局远未定型，最终胜出的可能不是技术最先进的，而是在产品迭代速度、生态建设能力、服务稳定性等综合维度表现最均衡的那个。 Anyway，从更大的行业趋势看，“带着ARR进场TGE"如果真成为AI infra赛道的新标配，对整个行业来说未必是坏事。 至少能让市场更关注实际产品和收入，而不是纯粹的概念炒作。

GM🚀🚀🚀 $BTC $ETH $VANA $BERA $NIL $CAKE $FIL

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