Crypto
StandX, Opensea and Extended missed launch-day FDV targets
Each project fell short of its promised valuation on the first day after launch.
Three high-profile crypto projects missed their promised fully-diluted valuation targets on the day after launch. The projects were StandX, Opensea and Extended. Their valuations were evaluated on Friday 1 January, one day after each launch. All three remained below the thresholds set by their teams.
StandX's target fully-diluted valuation was set above $1 billion. The valuation one day after launch was not above $1 billion. The assessment took place on Friday 1 January.
Opensea's target fully-diluted valuation was set above $100 million. The valuation one day after launch was not above $100 million.
Extended's target fully-diluted valuation was set above $500 million.
Analysis
When promised figures are not met, investors can reassess the credibility of tokenomics and promotional claims, potentially leading to reduced demand for similar offerings.
For developers, the shortfall creates pressure to justify the valuation methodology and to deliver additional utility or adoption to bridge the gap.
The broader crypto ecosystem could see tighter scrutiny of launch-day valuation promises, with platforms and auditors likely to demand clearer disclosure.
What this was built from
Each claim above traces to a market below, at the price it was trading when this edition went to press.