Dragonfly Partner Haseeb Clarifies VVV Is Functional Asset, Venice Is Company Not Protocol

VVV-3.88%
BNB1.75%
According to Dragonfly partner Haseeb, on July 5, Venice is fundamentally a company, not a decentralized network or blockchain protocol, with most users being non-crypto customers. Haseeb stated that VVV does not represent company equity nor network ownership. The token functions similarly to BNB: it is used to pay for subscription services, access compute resources (DIEM), and product features, with a portion of revenue directed to buybacks. He clarified that despite the token airdrop, founders continue investing millions in operating capital without raising funds through token sales, and that VVV's complexity stems from its multiple utilities rather than any equity or network asset properties.
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