PANews reported on March 5 that Smokey the Bera, the anonymous co-founder of Berachain, said in an interview with Un Chained: "I don't think the criticism is completely wrong. If we could do it again and the team could start from scratch, we might not sell so much supply to venture capital firms. In fact, most of the supply was sold in the seed round in early 2022. At the time, we thought it might be an interesting thing, but we didn't expect it to grow to such a large scale. So I think the criticism is justified. In fact, over time, we have been working to buy back that part of the supply from the seed round and subsequent rounds such as Series A, so that we can minimize the dilution of the community from these shares."