Fundraising acquisitions seem to be the most strategic bets in web3 this week. After Coinbase’s acquisitio of Echo, now Fight Fight Fight LLC — the company behind the TRUMP memecoin — is reportedly in talks to acquire Republic’s U.S. operations.
If completed, the move would turn Trump’s memecoin token into a potential fundraising and payments rail. A Bloomberg report estimates that Fight Fight Fight could integrate the token into Republic’s issuer flows. It can offer token-denominated grants, and create an on-platform utility that converts speculation into real use.
This comes as the issuer’s second attempt to increase the utility of the $TRUMP memecoin. Fight Fight Fight LLC has also been reported to be raising $200M to create digital-asset treasury company for the token.
TRUMP Memecoin Issuer is Acquiring Republic
Republic is New York-based global crowdfunding and private-markets platform, founded 2016. It lets retail and accredited investors back startups, tokenized projects, real-estate deals and other private offerings. It combines issuer services, investor portals, and secondary-market features under one roof.
It allows projects to raise up to $75M from users, customers, followers, and friends. With thousands of investors, it operates businesses not only in the US but also in the UK, EU, and more. However, as of now, TRUMP memecoin issuer Fight Fight Fight LLC is only acquiring the US operations of Republic.
Also Read: Is Stock tokenization Really Growing?
What this means for TRUMP Memecoin
Interestingly, for TRUMP coin that has so far traded largely on hype, social media momentum and retail interest, acquiring an established crowdfunding platform solves several strategic problems at once.
As of writing, TRUMP (TRUMP) memecoin is currently trading at around $9.97. This reflects a 4.45% decline in the past 24 hours but a 16.10% gain over the last seven days.
TRUMP Memecoin in the past 7 days | Source: CoingeckoFor Fight Fight Fight LLC, Republic offers a built-in distribution channel, a KYC/AML-compliant user base, issuer relationships and the operational plumbing for fundraising campaigns. That conversion of “speculation” into “utility” is the most straightforward business case. Instead of relying on secondary-market trading, the token could become an on-platform medium of exchange
Folded into Republic, $TRUMP could be accepted as a form of payment, be used to denominate grants or incentives for startups. It could also be integrated into listing mechanics to increase on-platform demand and liquidity.
In short, the acquisition by TRUMP memecoin issuer memecoin Fight Fight Fight LLC can increase the real world use-cases for the memecoin while the issuer gains new revenue sources and distribution at scale.
Also Read: Ethereum’s New Institutional Move
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Source: https://coingape.com/block-of-fame/pulse/can-the-trump-memecoin-power-startup-fundraising-issuers-acquisition-suggests-yes/
