(disclaimer: I have no idea if this is true or not)
But to act like every other 'ethereum aligned' ecosystem has not done this also is comical
- Polygon paid millions for Starbucks NFTs in 2021
- Arbitrum paid $100m+ for Robinhood Chain
What you don't read: @solana had to write a $25 million check, with $25 million in liquidity stimulus for only a 6mo exclusive.
It's tempting for legacy orgs to de-risk their proof-of-concept with a big check, but they'll regret it when their chosen blockchain goes down and millions of payments are offline...
and fwiw, I don't think this is a bad thing!
These foundations are sitting on piles of capital
Deploying that capital to stimulate new product development and bring more users onchain is exactly what it should be used for
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