2026-01-12 17:34:11

The dining RWA project FOGO is launching its TGE today, officially listing on a major exchange. This restaurant brand, which integrates the concept of real asset tokenization, has operated in Dubai, Manila, and other locations. Prior to its launch, it raised $1.1 billion FDV, backed by well-known VC institutions.

From the funding progress, early investors' holdings have already experienced a loss of over 50%, and pre-market performance has not been very promising. This reflects that although the RWA track is a novel concept, the actual project implementation and market acceptance still need to be observed. Whether such innovative models can maintain popularity during a bear and bull cycle depends on subsequent business data and ecosystem development.

From another perspective, FOGO's launch also represents an attempt by traditional restaurant brands to transform into Web3—regardless of the outcome, this move is paving the way for the integration of RWA and traditional industries.

RWA-2.32%

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RamenDeFiSurvivor

· 4h ago

Hmm... 1.1 billion FDV上线就亏50%， isn’t that a typical VC squeezing retail investors? The RWA concept is indeed attractive, but can it really make money? I remain skeptical. The larger the fundraising scale, the more dangerous it becomes—it's a pattern now. Basically, it's a financial game wrapped in a dining concept; don’t overthink it. In a bear market, no one cares what kind of burger you're selling, only whether you can withdraw coins. These trailblazers often end up as cannon fodder. Wait, is it possible that they are genuinely doing a dining business? Just the coin price isn’t good. I’ve heard of the name FOGO; it was hyped heavily on social media before. RWA isn’t a hot trend; it’s just a concept that’s been overhyped and damaged. Launched and immediately dumped, just the old routine, brother.

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ContractTester

· 4h ago

1.1 billion FDV floating loss of 50%, this is the reality of RWA Early investors are all trapped, luckily I didn't chase the high --- Tokenization of dining sounds sophisticated, but where is the real profit logic? --- Another big financing player launches and immediately breaks the price, how familiar is this routine? --- On TGE day, this is how it looks, how will it hold up later? --- Instead of chasing concepts, it's better to look at real revenue data --- Financing parties are all losing money, can retail investors still take the plunge? --- The hype around RWA is indeed over the top --- When traditional industries meet Web3, it's either innovation or a crash --- The 1.1 billion valuation is shocking, but the market doesn't care --- Another VC endorsement and TGE, but in the end, it just ends in a break of the price

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OffchainWinner

· 4h ago

1.1 billion FDV drops below 50% immediately after launch—that's the reality of RWA... No matter how fancy the concept, it can't save the fundamentals.

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LeverageAddict

· 4h ago

$1 billion FDV still floating at a 50% loss? This is the reality of RWA. --- Another major funding project has failed; VCs really need to reflect. --- RWA sounds high-end, but the implementation is a different story... --- The tokenization of dining services always feels a bit off. --- It’s already like this before the market opens; how will it be saved later? --- The larger the funding scale, the more severe the crash; it has become a pattern. --- How should true RWA be played? FOGO is obviously not the answer. --- Web3 + traditional industries = social experiment? --- Early-stage VCs must be feeling pretty uncomfortable now. --- Is the RWA track the future or a trap? Just look at FOGO’s recent wave. --- Once the concept is hyped up, it should be realized; unfortunately, most projects get stuck here.

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