Ventuals reported a cumulative loss of approximately $260,000 over seven months of operation, marking the conclusion of its Pre-IPO on-chain private placement market experiment.

BlockBeats News, June 16 — Ventuals announced yesterday that it is officially shutting down and merging with another team within the Hyperliquid ecosystem, marking the end of its “all-weather on-chain private placement market” experiment.

According to BlockBeats data and DeFiLlama’s revenue criteria, Ventuals platform revenue amounted to only $124,651, while ticker registration and auction costs reached as high as $383,242 (equivalent to 15,031 HYPE), resulting in a book net loss of $258,591. Revenue only covered 32.5% of ticker costs, with costs approximately 3.1 times higher than revenue. If further considering hidden expenses such as team compensation, market making, and front-end operations, the actual loss would be even larger, with the core conclusion being a loss of about $259,000.

It is worth noting that the 500,000 HYPE principal raised through the vHYPE crowd funding and its price appreciation are not counted towards platform profit, since holders can redeem HYPE 1:1 and receive on-chain staking yields, and therefore cannot be regarded as a source of platform profit.

In terms of operational achievements, Ventuals operated for roughly seven months, raising over 500,000 HYPE and seeing total trading volume of about $650 million. The platform was previously known for allowing users to trade risk exposure for private tech companies such as OpenAI and Anthropic before their IPOs. According to the closure announcement, OpenAI’s market settled at a final price of $1,341.80, Anthropic at $1,618.90, and commodity/index markets (MAG7, semiconductors, energy, defense, etc.) will be suspended in batches starting June 18.

vHYPE holders may redeem staked assets and on-chain staking yields at a 1:1 ratio, with the withdrawal process being batch processed starting June 19 and taking approximately 7 to 72 hours. Ventuals also confirmed the termination of its points and referral programs, and clearly stated it will not issue any tokens. All users must complete fund withdrawals and wallet exports by September 15.