Down the Rabbit Hole: The Treasure Hunt That Could Rewrite Web3 VC

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‍In the often-sterile world of venture capital, where suits and spreadsheets reign supreme, Derek Bittar is a walking, talking anomaly. IRL (In Real Life), he’s a co-founder of Indicator Capital, a major deep-tech VC firm in Latin America. On web3, he’s “DegenFounder,” the pseudonymous force behind one of Solana’s most talked-about NFT community, Rogues. Now, these two worlds are colliding in a way that could redefine how VCs operate and how Web3 communities are built.

Indicator Capital, a firm with a hefty $70 million in assets under management, recently invested $3 million into anitya.space, a platform that lets creators build immersive 3D worlds without writing a single line of code [1]. But this isn’t your typical VC investment. Bittar isn’t just cutting a check and waiting for a return. He’s in the trenches, using his own Web3 project, Rogues, to help anitya become a full-blown Web3 engine. It’s a move that’s both audacious and, frankly, a little bit crazy—in the best possible way.

“VCs are changing,” Bittar says. “It’s no longer about sitting back and waiting for returns. In Web3, you’ve got to be in the trenches, building with the community.” He wanted to understand the nitty-gritty of building a Web3 project from the ground up, so he created Rogues, selling out 3,333 NFTs and cultivating a die-hard community in the process [2]. Now, he’s bringing that hard-won experience and community to anitya, offering a level of hands-on guidance that most VCs can only dream of providing.

Down the Rabbit Hole We Go

The centerpiece of this unlikely partnership is a series of massive, token-gated treasure hunts set to launch in October. anitya, with the help of Rogues, has built seven immersive 3D experiences for some of the biggest names in the Solana ecosystem. The projects joining the early access opportunity through lore rich immersive experiences are yet to be announced. Get ready to feel the 2021 nostalgia and hunt freely for roaming Lifeforms [3].

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Here’s how it works: if you hold an NFT from one of these collections, you get access to that community’s unique immersive world. It’s like a digital speakeasy, where your NFT is the secret knock. But there’s a twist. The top 200 players on the anitya leaderboard get a master key, allowing them to explore all seven worlds. And for the Rogues community? They get the VIP treatment, with full access to everything from the get-go.

Inside these worlds, players will hunt for more than just bragging rights. They’ll be searching for “LifeForms”—the mysterious new NFTs at the heart of this ecosystem—as well as points and multipliers for the anitya earn program [4]. This isn’t just a game; it’s a gamified airdrop, a way to reward the most dedicated members of the community with a stake in the future of the anitya platform.

More Than Just a Game

So, what are these LifeForms, and why should you care? According to the anitya team, they’re “more than NFTs.” They’re fragments of a new mythology, keys to the anitya Creator Network, and a stake in the “spatial revolution.” It’s a lofty vision, but it’s backed by a clear strategy. The treasure hunts are just the first step in a much larger plan to transform the “flat” culture of crypto into something immersive, interactive, and, ultimately, more valuable.

The anitya platform itself is a key part of this. It’s a browser-native, AI-powered engine that lets anyone create 3D experiences with a simple drag-and-drop interface. The goal is to democratize the creation of immersive content, giving creators the tools to build their own worlds and own their own intellectual property.

This brings us to the $anitya token. While the details are still under wraps, the team has hinted that it will play a crucial role in the future of the creative industry, providing a new system for attribution and reputation in the age of AI. The 5% of the token supply being distributed through the earn program is just the beginning of a new economic model for creators.

A New Breed of VC

What makes this story so compelling isn’t just the technology or the treasure hunt. It’s the human element. It’s the story of a VC who’s not afraid to get his hands dirty, to dive headfirst into the chaotic world of NFTs and DAOs. Degen Founder represents a new breed of investor, one who understands that in Web3, value is created not just through capital, but through community, culture, and a willingness to embrace the weird and the wonderful.

As the treasure hunts prepare to launch, the crypto world will be watching. Will this unconventional partnership succeed in its mission to make crypto culture 3D? Can a “degen” founder and a deep-tech VC really change the game? One thing’s for sure:

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References

[1] Indicator Capital. (2025). About. Retrieved from https://indicator.capital/about

[2] Degen Founder. (2025). @DegenFounder. Retrieved from https://x.com/DegenFounder

[3] anitya. (2025). anitya Rewards Program. Retrieved from https://www.anitya.space/blogs/introducing-the-anityas-rewards-program-earn-points-unlock-lifeforms-be-part-of-the-spatial-webs-creator-revolution

[4] anitya. (2025). anitya’S REWARDS PROGRAM. Retrieved from https://earn.anitya.space/

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