sal_hotpot666

Founders who raised in 2021 are back.

Same slide deck, same playbook — just ctrl+F “DeFi” → “AI agents.”

I’d take an unhinged Gen Z with a 12-tab Chrome window and a dream over this.

At least they’re not pretending it’s innovation.

@virtuals_io

Flying back to Kl, Malaysia today — where Virtuals HQ is, and where the agent economy is quietly becoming a real thing.

It’s wild to think:
•Agents are launching tokens
•Users are earning points from content, ideas, and coordination
•Builders are shipping every day — not MVPs, but full-on agent ecosystems

What we’re building isn’t just a platform. It’s an economy.
And Malaysia? Might just be where the future gets built first.

Virtuals

Deck: “We’re doing a fair, community-first launch.”

Reality:

- 30% private round

- Vague unlocks

- “Contributors” with no commits

Bruh, if your tokenomics PDF has more opacity than a zk proof, we’ve got a problem.

When Project One runs into problems, the circle of friends starts to reflect, 'Should we continue to do VC?'
But to be honest, the issue isn't that we invested in the wrong project, but rather that we've been investing in personas all along.
Pitches sound spectacular, but a quick check on the blockchain reveals little, and once TGE starts, everyone is just selling.
Everyone talks about long-term, but their hands are quicker than anyone else's.

When we look at people, we focus on three things:
Who is still launching products

Who is still responding to messages

Who hasn't deleted their white paper

This industry is not lacking in narratives; what it lacks are founders who can survive the narrative vacuum and are still online.

Back in Asia.

Token2049 recap:

42 new TG groups (muted instantly)

7 “let’s sync post-conference” maybes

3 shisha-fueled partnerships I need to double check were real

What actually mattered:

*- Who showed up with product

*- Who knew how to talk about it without shilling

*- Who’s still shipping now that the music’s off

Liquidity comes and goes. Coordination compounds.