The collapse of @moonbirds ' floor price shows how VC funding doesn't really matter for PFPs, except for providing a runway buffer. Much more important: team execution + brand building + community engagement. Raised $50M in funding, yet the floor price is down only.

@Sherv1n_eth @moonbirds Pretty wild if you think about it. What's all the money being used for is the Q..

@0xPrismatic @moonbirds Let’s ask @kevinrose