Views expressed in posts (including podcasts, videos, and social media) are those of the individual Frictionless Capital Capital Management, LLC personnel quoted therein, in their individual capacity, and are not the views of Frictionless Capital Capital Management, LLC or its respective affiliates (together with its affiliates “Frictionless Capital”). Frictionless Capital is an investment adviser registered with the Securities and Exchange Commission (“SEC”). Registration as an investment adviser does not imply any special skill or training. The posts are not directed to any investor or potential investor, and do not constitute an offer to sell – or a solicitation of an offer to buy – any securities and may not be used or relied upon in evaluating the merits of any investment.

The contents herein — and available on any associated distribution platforms and any public Frictionless Capital online social media accounts, platforms, sites (collectively, “Content Distribution Outlets”) — should not be construed as or relied upon in any manner as investment, legal, tax, or other advice. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Any charts or graphs provided here or on Frictionless Capital Content Distribution Outlets are for informational purposes only, and should not be relied upon when making any investment decision. Certain non-material information contained herein has been obtained from third-party sources, including from portfolio companies of funds managed by Frictionless Capital. While taken from sources believed to be reliable, Frictionless Capital has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, videos, podcasts, and other website content may discuss companies or products that Frictionless Capital has or may invest in, but they are not meant to be third-party advertisements; Frictionless Capital does not endorse any third party advertising content contained therein. All content speaks only as of the date of publication (and Frictionless Capital has no intent or obligation to update) or as otherwise may be indicated.

Under no circumstances should any posts or other information provided on this website — or on any associated Content Distribution Outlets — be construed as an offer soliciting the purchase or sale of any security or interest in any pooled investment vehicle sponsored, discussed, or mentioned by Frictionless Capital personnel, nor should they be construed as an offer to provide investment advisory services. An offer to invest in a Frictionless Capital managed pooled investment vehicle will be made separately and only by means of the confidential offering documents of the specific pooled investment vehicles — which documents should be read in their entirety — and made only to those who, among other requirements, meet certain qualifications under federal securities laws. Such investors, defined as “accredited investors” and “qualified purchasers”, are generally deemed capable of evaluating the merits and risks of prospective investments and financial matters.

Past results of Frictionless Capital’s investments, pooled investment vehicles, or investment strategies are not necessarily indicative of future results. There can be no assurances that Frictionless Capital’s investment objectives will be achieved or that its investment strategies will be successful. Any investment in a vehicle managed by Frictionless Capital involves a high degree of risk including the risk that the entire amount invested is lost. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by Frictionless Capital and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Frictionless Capital is available here: https://Frictionless Capital.capital/portfolio/. Excluded from this list are investments that have not yet been announced (1) for strategic reasons (e.g., undisclosed positions in publicly traded digital assets) or (2) due to ongoing coordination with the development team or issuer on the timing and nature of public disclosure. As for its investments in any cryptocurrency or token project, Frictionless Capital is acting in its own financial interest, not in the interests of other token holders.

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