I passed on both the BERA & INIT rounds. I passed on @monad_xyz too....not bc they're not good tech but bc they, and other L1s, are redundant at this point in time. We have too much block space as it is. What we lack are applications to entice users and normies. That's why HYPE has been so successful while other L1s fail: it built out the application first then the chain. I personally think we are about to see a rapid re-rating of all L1s as users and applications become chain agnostic. Overvalued L1 VC chains are years behind schedule and have billions higher valuations than they should. The market is sniffing this out and they will make epic shorts someday as emissions continue to erode their value proposition.