Summary:
The founder of the Waves (WAVES) protocol, Sasha Ivanov, has suggested via Twitter that the crypto industry would be much better off without venture capital investment. Mr. Ivanov’s statement on how the crypto industry would be more successful without external funding can be found below.
In response to Sasha Ivanov’s tweet, crypto-twitter community member @dmetaversian pointed out that crypto exists due to VC companies funding Web3 projects. Mr. Ivanov responded by pointing out that the Waves Protocol has zero VC funding. A screenshot of their conversation can be found below.
In another tweet, the founder of Waves pointed out that the WAVES-backed stablecoin of Neutrino (USDN) was on a path towards reclaiming its peg at the $1 mark.
According to Coinmarketcap, Neutrino (USDN) is trading at $0.9905 and looks set to provide noteworthy stability into the new month of June, as highlighted in the screenshot below.
The stability and near-return to the $1 mark by Neutrino (USDN) could be the result of the DeFi revival plan announced by the team at Waves late last month.
The plan is meant to make the Waves community whole and restore the full functioning of protocols in its ecosystem and includes the following four steps.