Product execution and development timeline One thing I like examining in infrastructure projects is what happens between the announcement and the actual product rollout. Turtle's Q3 timeline gives a few concrete examples. Hare launched with GSR with 100M committed over several years. Creator Wire shipped in late August. Streams also became self serve during the same period. These developments show different parts of the distribution ecosystem taking shape rather than everything depending on one product launch. There is another detail worth noticing. Turtle generated $1.04M in Q3 revenue across Turtle and Lunar Strategy, on a cash in basis and net of intercompany, while this development was happening. For an infrastructure business, building products and delivering services simultaneously creates a different kind of development story. The Q3 update from @turtledotxyz is worth exploring.