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Luca Netz: Trove’s $11.5 million token sale highlights flaws in ICO structure, liquidity issues threaten NFT market, and the rise of echo groups over traditional VC | Unchained
Trove’s token sale raised $11.5 million, focusing on real-world assets like collectible cards. The ICO process for Trove was oversubscribed, leading to incomplete refunds for investors. The token sale process lacks the structure needed for success, highlighting a gap in support for token founders.
The post Luca Netz: Trove’s $11.5 million token sale highlights flaws in ICO structure, liquidity issues threaten NFT market, and the rise of echo groups over traditional VC | Unchained appeared first on Crypto Briefing.
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