Delphi Labs COO: Questioning the rationality of Octra's $200 million valuation financing

Wu said that Delphi Labs COO Kevin Simback criticized Octra as a privacy chain that no one had heard of and questioned the rationality of financing at a valuation of $200 million; It said Octra raised $4 million in pre-seed a year ago, with a valuation of up to $40 million, but now continues to raise funds at more than 5x growth, and then a few months of TGE, but there is zero demand. Octra co-founder Alex retorted that he did not know Kevin Simback and that the low valuation of Pre-seed was because there was basically nothing but a white paper and an idea at the time, which was a reflection of the risk premium. Now there are sandbox tests, full math documentation, an open-source PoC, and a fully functional network that has been running for months.