Getting paid now for future performance with Pipe’s $150MM raise and BitClout’s $200MM of Bitcoin

This week, we look at:

  • Pipe’s $150 million raise at a $2 billion valuation to turn annualized revenue run-rate into a new peer-to-peer asset class

  • BitClout’s $200 million of Bitcoin contributions and its mechanisms to turn social media profiles into digital assets

  • How both projects trade future performance for current monetization