Kaito Launchpad has launched another new project: RISE @rise_chain 🔹 This is an L2 project. 🔹 Investment institutions include Finality Capital Partners, Vitalik Buterin, etc. The second round of investment is from Galaxy, which may be the biggest highlight of RISE, but it's not much, as the total investment amount is only 7.2 million USD. 🔹 The valuation for this round of new investment is 200 million USD, with 50% unlocked at TGE + 6 months unlock. Opportunities and risks are discussed together: 🔸 Currently, everyone feels that the valuation and reasonableness are average, and the rules for new investments may change later; you can't withstand the project party doing some insider trading. 🔸 Newly launched L2 TGE generally has a market cap that isn't too low; a 200 million valuation is relatively reasonable, but with 50% unlocked at TGE, it must reach 400 million to break even directly at TGE. Overall, the possibility of losing money is low, but the chance of making money depends on how well the project is actually operated by the team. 🔸 The project is currently in the testnet phase, and it's uncertain when it will go live on the mainnet and TGE. They say it will be later this year, but it's also uncertain whether new investors will be introduced during this period (whether Vitalik and Galaxy will step in). I might invest 1000 USD to take a chance, but I won't participate heavily. The accompanying image shows a comparison of the market caps of some L2s that are not too popular or have relatively low valuations, the image is organized by Surf @Surf_Copilot.