Do all the Y Combinator funded and backed companies become successful? No. Do YZi labs supported companies never fail? No.
Yet, while choosing a company supported by industry giants, one can feel relieved on due diligence task. It brings the comfort relying the team, company and their projects.
Crypto industry has never been so saturated with millions of tokens already flooded and hundreds of added daily. The competition has never been so throat cutting, and it's obvious that only a few will survive. The available liquidity for such a huge number of tokens is simply insufficient. Stil, some rise up to the stars from this chaos and dust.
$BYTES is in its early stage. The social gaming app with millions of downloads is backed by YC. Currently sitting at just $400K MC, it has sparked strong interest in the community and is a valid watchlist candidate.
I am happy as an early investor in the token. There's the community that's growing and the product that's already got traction. Who knows when it turns multi x bagger. Risks are always there, but the risk reward ratio seems attractive.
Take a glance, do your own research, and see if it suits your appetite. Not to be considered as an investment advice.