Spoke with the Bitclout team today. I thought this information was embargoed for tomorrow but it's out there now: Basically every major VC is in this project. Coinbase, Sequoia, a16z, Social Capital, DCG, Pantera, Huobi, Winklevoss Capital, Alex Ohanian, North Island Ventures...
I've confirmed with Coinbase and it's safe to say all of these investments are legit. I haven't been following this closely bc I've been heads down on other projects but there's serious capital behind this (and an equal amount of serious hate/litigation). Will be exiting to watch
Big Q I asked- w/o knowing a lot about this project- was, wouldn't anyone who joins just want to sell their personal tokens. The answer was "You could join and sell but there are a lot of incentives to not do that. You get more reach w/ more clout. If you sell, you give up reach"
Founder of Bitclout: "Fundamentally, we just think public discourse shouldn't be controlled by private companies optimizing for ad revenue. What if you could create a network that isn't ad driven or centrally controlled."
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Thanks to a rule change last year, retail brokers are required to share more granular data around their order routing activity. Looking at Robinhood's recently filed 606 report for Q1, it appears RH received nearly $100m in payments for stock and options order flow.
Breakdown of order routing of market orders for S&P 500 names in January by execution venue: