Pump.fun just announced plans to raise $1 billion at a $4 billion valuation through an upcoming ICO—news that’s sent ripples through the crypto world. Is this another massive value extraction scheme, or a pivotal growth moment for crypto’s next breakout unicorn?

In this episode, we unpack our initial skepticism and how our perspective has shifted. We explore why Pump.fun may actually be catalyzing a broader inflection point in on-chain market design, bringing new energy and viability for creators and users alike. We break down how its model resembles a modern form of market making—one with the potential to revive crypto activity across all levels, in a way we haven’t seen since the 2021 bull run.

We also touch on breaking news from Yuga Labs, which is dissolving the Ape DAO—the governing body behind Bored Ape IP, ApeChain, and Otherside. Is this the final nail in the coffin for DAOs as a sustainable model for web3 governance? Tune in for our thoughts.

Topics:

First up, Pump.fun just announced plans to raise $1 billion at a $4 billion valuation through an upcoming ICO. Another massive value extraction scheme, or a pivotal growth moment for crypto?
Next, exploring why Pump.fun may actually be catalyzing a broader inflection point in on-chain market design
and Finally, breaking news from Yuga Labs. Is this the final nail in the coffin for DAOs as a sustainable model

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268. TBR - Why Pump.Fun $1B Raise Is Good For Crypto | Dissolving DAOs