Murad Mahmudov Criticizes VC-Backed Crypto Projects for Worsening Wealth Inequality

Murad Mahmudov, former co-founder of Adaptive Capital, has expressed criticism towards numerous venture capital-backed cryptocurrency projects for their underperformance in the current cycle. According to NS3.AI, Mahmudov argues that these projects exacerbate wealth inequality among retail investors. He points out that the structural design of these projects, characterized by high initial valuations and ongoing token unlock schedules, puts lower- and middle-income investors at a disadvantage. This issue, he suggests, is contributing to a weakening of community unity and causing divergence among crypto projects during this cycle.