Yat Siu: Trump family crypto project WLFI "looks a bit like a money-making gimmick"

Yat Siu, co-founder and CEO of Animoca Brands, said that the Trump family's cryptocurrency project WLFI "looks a bit like a gimmick to make money." Siu said that although Trump has expressed support for the cryptocurrency industry, he and his family have not yet shown that they truly understand the spirit and essence of Web3, which is about sharing network effects and community building. Jehan Chu, co-founder and managing partner of Kenetic Capital, pointed out that WLFI token sales are limited to accredited US investors, which makes it difficult for retail investors to participate, and doubts about the credibility of two of WLFI's five co-founders, Chase Herro and Zak Folkman, may undermine investor interest.