Web3 Startup Raises $200M With No Product, No Team, Just a Really Good Domain Name

A leaked internal memo reveals that

Internal documentation suggests the project began as a hackathon entry that 'got out of hand.' The original developer has since left the company and now runs a small farm.

"Our users are at the center of everything we do. Unless they complain, in which case they are edge cases."

— CEO during earnings call

As of press time, the company's PR team had stopped responding to emails and was last seen deleting their LinkedIn profiles.