BlockBeats News, August 26, Renowned crypto KOL Ansem posted on pump.fun, stating that the NetNet Capital protocol is an on-chain innovation DeFi mechanism on the Robinhood chain. "The protocol's token NET is a reserve share backed by at least 1 USDG from the protocol's on-chain asset portfolio. NetNetCapital accumulates productive assets such as stablecoins and stocks through several mechanisms. If the Net Asset Value (NAV) is 1.75 times that of the underlying treasury, NET token stakers can earn a daily yield of 1.2%. Currently, the trading price is about 11 times the treasury, and the treasury's growth rate far exceeds the 1.2% NET issuance."

Furthermore, Ansem introduced that the protocol's founder has been interviewed several times, indicating discussions with the Robinhood team for future collaboration. The founder had also previously been involved in the NBA Topshot project.

According to the transaction records, Ansem invested $57,600 to purchase NET tokens on the pump.fun platform.

As of the time of writing, according to GMGN market data, the NET market cap is currently at $51.47 million, with a 24-hour price increase of 61.66%.