Lol they called the bluff.
Went all in.

All your chains are belong to us.

This dream of web3 belonging to the people is ludicrous. How exactly are the people going to be gatekeeping?

Money = business = money.

Tokenisation out of thin air is just code until someone buys in. The masses aren't cashed up. VCs get to select who gets bought because THEY ARE gatekeepers of money.