So a successful web2 founder with a viral app backed by A16z just launched a token on believe, and it’s still sitting at $800k mcap...

$MUZE (CA: Ahh7JmF9zfiGbc9dCGvmUuiYSoJUckVi1HoBHDJhijhL) just launched yesterday and for now it’s only stated utility is that trading fees are used to fund creative projects and artists. BUT.... after digging a bit deeper, i’m 100% sure there will be much more to it.

⁃ The founder @willemsimons_ is the founder of @DazeChat, a chat app that got lots of buzz recently as the “GenZ chat app”, including articles on techcrunch and many other publications, and is backed by A16Z 👀

⁃ They have a 4 people team of web2 founders and artists. This doesn’t look like the team for a valueless token.

⁃ @nikitabier aped 1% of the supply and is actively supporting…

Imo the next inevitable step is that the team will announce more information about the project, give proper utility to the token, and then this thing will fly and we’ll see $10m mcap in no time. Plus, given the caliber of the founder and team, this will likely get support from people like @pasternak, @nikitabier and others. My bags are loaded.