The funding management institutions for the new AC project Flying Tulip are MEV Capital and Re7 Labs, and the community is calling for a re-selection.
ChainCatcher reported that crypto KOL @Cbb0fe called out to Andre Cronje on the X platform, suggesting that the asset management institution for Flying Tulip's $1 billion fund should be reselected. According to official information, the current fund managers are MEV Capital and Re7 Labs, both of which have performed "disastrously" in the recent series of DeFi collapses.
According to crypto data platform RootData, Andre Cronje's newly founded crypto project Flying Tulip announced the completion of a $200 million private seed round at a $1 billion valuation. This round was participated in by Brevan Howard Digital, CoinFund, DWF Labs, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol.
This $200 million financing was completed through a Simple Agreement for Future Tokens (SAFT) structure. Flying Tulip aims to build an on-chain trading platform covering the entire DeFi sector—including spot, derivatives, lending, stablecoins, and insurance—all unified within a single system.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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