We’re excited to announce that Rip Cars has closed its $1.5M strategic round, backed by an incredible group of investors: @dba_xyz, @Colosseum, @KyleSamani, @Novora_, @Allinbitcoin_, @Sacha, and Erik C. This round brings us one step closer to building the world’s largest marketplace for collectible Hot Wheels.

In gacha soon

One of the best events - met so many great people Thanks for organizing this @SuperteamGEO @colosseum @goisville !

Thanks to all community!

CARS are out in the wild

Our Telegram community is now open ➢ Rumor has it some alpha might drop in there from time to time 👀 Join us → t.me/Rip_Cars

Huge thanks to the entire @MetaDAOProject community for all the trust and support

If anything, this proposal is jet fuel for founders. 16-hour workdays, no weekends, canceled my vacation with family, no salary from the raised funds. It felt deeply unfair that we are all-in on the launch, but strong price performance would have no impact on our performance package because of the 18-month cliff. Ownership tokens represent power in the system. If I, as a founder, do not hold tokens, I have no power. But if I perform well and earn those tokens, I do want to have an impact on future proposals with my unlocked tokens. To me, that’s what being an owner means. I currently have no intention of selling the tokens, but I should have the freedom to do so if I’ve earned them and choose to. Having that freedom is an important part of ownership and something founders deeply care about.

4 weeks ago Rip Cars was just an idea. September 14th, we go live! 🏎️🔥

If I were you, I'd sign up. Just saying 👀

We have: - 1M records - 5M images - All state-of-the-art AI models

We have enough data to index and identify items, and it will become a self-improving system at some point.

"The biggest challenge is developing a good fair market valuation algorithm. With Pokemon you already have a lot of players running their own FMV engines, that's not the case with Hot Wheels" David Khosroshvili, founder of Rip Cars, on the hardest product problem they're solving "We've been working on it for over a month. The biggest challenge is developing a good fair market valuation algorithm. With Pokemon you already have a lot of players running their own FMV engines, so you can take five different FMV engines and do a weighted averaging of each to get an actual market valuation for every card. That's not the case with Hot Wheels" "There are a couple of apps which we don't like, because we've been testing them and the results aren't that good, comparing them to our own manual estimates. So a very important thing for the secondary market and for our business is to develop a fair market valuation engine that people actually trust, because everything else on the market right now, when I talk with collectors and see people posting in Facebook groups, people aren't happy with it" "There's a lot of low hanging fruit. We might do the FMV application as a side product at some point, so you could scan any car and get the fair market value for it, but that might be down the road" nitter.siddz.com/ownershipfm/status/207…

Our ICO on @MetaDAOProject is concluded, and $CARS is officially live on @solana Contract address: CARSsxWPkpQWvfyRBwfGMGvysJBHdHGfE46X5MNgmeta

I also use a different kind of fleet, all Nvidia machines. This fleet doesn't take you from point A to point B, it takes the product to the next level. Its job - vectorizing (embeddings) and extracting text (OCR) from more than 4.5 million photos.

The Rip Cars raise starts tomorrow at 5 PM UTC / 10 AM PT, on MetaDAO