$JellyJelly’s Meteoric Success Highlights the Power of Crypto in Fundraising
JellyJelly Token – The concept of Internet Public Offerings (IPOs) or Internet Capital Markets is taking the crypto space by storm, as demonstrated by the recent launch of $JellyJelly. The innovative move has drawn attention, with the token reaching a $150 million market cap in under an hour. The man behind this meteoric rise is Lessin, the co-founder of Venmo, who chose to launch a token rather than raise capital through traditional methods. This bold move was made possible through the platform Pump Dot Fun, which has quickly become a popular tool in the crypto ecosystem.
Who is Lessin?
Lessin is no stranger to the tech and investment world. In 2015, he co-founded Slow Ventures alongside Kevin Colleran and Dave Morin. Over the past seven years, Slow Ventures has raised over $750 million, making a significant mark in the investment space. Lessin has made numerous notable investments in crypto and tech. His personal investments include Aleo, a blockchain privacy startup valued at $1.5 billion, and Airtable, a cloud software company valued at $11.7 billion. He was also an early investor in Venmo and Birchbox. His firm has backed several crypto giants like Algorand, Klaytn, and Lightning Labs.
Before venturing into the crypto world, Lessin was also the co-founder of two startups: Drop.io, which was acquired by Meta in 2010, and Fin Analytics, which raised $20 million.
Pump Dot Fun and the Future of Internet Capital Markets
The launch of $JellyJelly on Pump Dot Fun marks a new era of fundraising and token launches outside of traditional exchanges. The surge in popularity of this platform is evidence of a shift toward decentralized and crypto-powered capital raising.
This move follows the launch of $VINE by the founder of Vine, adding to the growing trend of Internet Public Offerings taking place on platforms like Pump Dot Fun instead of traditional stock exchanges. As Jordan stated, “Companies will raise capital on the internet. On pump. With crypto.” This is a pivotal moment in the evolution of digital finance, and 2025 is set to be a game-changer.
In conclusion, the rise of Internet Capital Markets and projects like JellyJelly showcases the ongoing shift in how capital is raised, with crypto and blockchain technologies at the forefront of this revolution.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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