I like the story DAT.
the comments to this tweet are a strong reason why and the insider sell off is insignificant imo
Big treasury deal.
A few interesting call outs:
1) Think this is a16z's first DAT
2) And Cantor's first underwriting of a non BTC/ETH/SOL treasury company
3) $360M reserve, $220M via PIPE ($100M cash, $120M IP tokens), $82M will be used to purchase $IP in the open market within 90 days
4) Framing as public play on AI is smart – "Equity markets clearly have an insatiable demand for foundational architecture for AI. We believe building scalable tech for data through programmable IP is the next big unlock for AI."
We have officially entered Stage 3 of DATs.
1.58K
2
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.