Tomaino: Crypto VCs hype private tokens and dump them on retail
Nick Tomaino · Nick Tomaino: The Future of NFTs, What Will Happen with FTX & Who Should be Held to Account | E1076 · 20VC with Harry Stebbings · Oct 30, 2023 · at 22:22
Nick Tomaino, founder of 1confirmation, criticizes prevalent investment practices within the crypto venture capital industry.
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“A big part of the crypto VC game is doing these private token deals, and then you kind of build some prestige media narrative hype and then sell the token to retail, and then retail gets sucked in, and the VCs kind of dump tokens on retail. That's like a big Game being played within CryptoVC.”
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