A new project involving ai16z founder Shaw is on the way.

On-chain venture capital protocol Umia announced that Slop Cash (SLOP), an open-source software funding and incentive platform, will launch on Umia as its first project on November 5 and will be deployed on Robinhood Chain.

Key dates and times (Beijing time):
Pre-bidding: November 6, 1:00
Official bidding: November 8, 1:00
Auction ends: November 11, 1:00
Bidding asset: USDG

Slop Cash’s co-founder and CTO is ai16z founder Shaw, so the launch announcement is already drawing attention. Combined with being Umia’s first project and its Robinhood Chain ecosystem tag, interest could be high. However, the bidding mechanism also means there are barriers to entry and risks to consider.

If you’re interested, it’s a good idea to first study the rules, plan your funds, and review the on-chain contracts before deciding whether to participate.

#Umia #SlopCash #RobinhoodChain