Odaily星球日报讯 CZ 转发 Kuai Dong（@_FORAB）对做市商 Web3Port 的披露文章，文章重点包括： May Liu 及其团队建立了一条完整的套利流水线，从 Spark Digital Capital 到 Web3Port，再到 Whisper。最初，Spark 以 VC 名义运作，实际靠市场外包+FA 业务，让 VC 投资项目，而自己获取免费代币。21、22 年行业内卷后，项目方不愿再无偿给代币，她们转向孵化器模式，成立 Web3Port，提供项目包装和 VC 对接，换取 1-3%代币。但仅靠孵化器无法变现，于是成立做市商 Whisper，以做市为名，实则为自己手中的免费代币创造出货窗口。最终，这套体系成为了一条从包装融资到退出的完整流水线，而币安散户则成了最终买单者。
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