Odaily Planet Daily reported that in response to "Proof of Play completed $33 million in seed round financing", Synthetix founder Kain.eth commented: "I rarely FUD new projects, but in principle, in the seed round, a16z Leading more than $30 million in funding is inherently pessimistic and destined to fail."
In this regard, some users responded that judging from the valuation, the financing is likely to be completed during the bull market in 2022, but it was only announced to the public recently.
Kain.eth continued to comment: "Seed round financing during the bull market is even more pessimistic."
Yesterday evening, Proof of Play announced the completion of a US$33 million seed round of financing. Greenoaks and a16z co-led the investment, with participation from Balaji Srinivasan, Twitch founders Justin Kan and Emmett Shear, Mercury, Firebase, Zynga and Alchemy.