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Voorhees Defends Venice Token Terms After $65M Series A

2026-07-02 18:36:31

Erik Voorhees defended Venice's $65 million Series A token terms after critics said the structure underpriced VVV. Voorhees said investors could pay up to $131 million for 6.5 million locked VVV tokens if they exercise an attached option. The deal includes 1.5 million vesting VVV and an option to buy 5 million more, with all tokens locked for four years.

VVV-4.32%

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