Status (October 2026): Ventuals shut down on June 15, 2026, and there will be no Ventuals token or airdrop. Between June 15 and June 18, the team settled and halted all of its markets on Hyperliquid and ended its points program, saying the points cannot be redeemed for tokens, cash or anything else. Holders of vHYPE, its staked HYPE token, can withdraw their HYPE 1:1 plus staking yield. Source: Ventuals sunset guide.
Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
What Is Ventuals?
Ventuals set out to build the market structure for the new innovation economy, where product velocity, user traction, and public perception move faster than traditional capital markets. Just as commodities have futures and crypto has tokenized perps, the project believed the metrics of technological progress and adoption should have their own native derivatives.
Today, investors wait over a decade, which means most of the gains in companies like OpenAI, SpaceX, and Stripe have been locked away for insiders, funds, and backroom deals. Everyday investors see state-sponsored lottery ticket billboards on their highways, but are locked out of investing in the next Facebook, Tesla, or Coinbase. Meanwhile, the world is changing faster than ever. AI labs, rocket companies, and robotics startups dominate news headlines and permeate everyday conversations. People see innovation happening and want real ways to get exposure. They don’t want to get left behind. But today, there’s no real way to act on that interest.
Ventuals tried to change that. Until June 2026, it let traders go long or short the valuation of private companies such as OpenAI and Anthropic without waiting for an IPO.
Ventuals Team | Who Are The People Behind Ventuals?
The platform’s founders, Alvin and Emily Hsia, previously built Shadow, a project focused on efficient on-chain data extraction.
However, the primary founder associated with Ventuals is Alvin Hsia. Notably, he is recognized for his vision to bridge traditional finance with crypto by creating tradable markets for private company valuations, leveraging Hyperliquid’s high-performance Layer-1 blockchain and HIP-3 standard.
The June 2026 sunset letter is signed by Alvin Hsia as CEO and Emily Hsia as CTO.
Ventuals Funding Rounds
It is worth noting that the sibling founders previously raised $9 million in seed funding for their earlier project, Shadow, led by Paradigm.
While no explicit funding amount has been confirmed for Ventuals itself, their prior success and Paradigm’s continued support suggest a similar early-stage backing, although exact figures remain undisclosed.
Ventuals Airdrop – Step-By-Step Guide
These steps show how the campaign worked in 2025. Ventuals has closed, so following them now earns nothing.
👉 STEP 1: Participants went to https://testnet.ventuals.com/trade. That address now redirects to the Ventuals app, which shows a sunset notice.
Users logged in with Privy using an e-mail address, or with a Web3 wallet. Logging in with Privy might also have counted toward the Privy potential airdrop. If you signed up by e-mail, export your wallet’s private key from the Ventuals sunset page so you keep access to your funds.
👉 STEP 2: They traded the markets and tried to climb the leaderboards.
Note: Traders needed stablecoins in their Privy account or Web3 wallet.
👉 STEP 3: Next, they went to https://app.hyperbeat.org/earn and connected a wallet.
👉 STEP 4: On the Earn page, they opened the Ventuals VLP Vault.
👉 STEP 5: They deposited USDC or USDT. Hyperbeat now lists the Ventuals (HIP3) VLP Vault under Legacy vaults as winding down and asks depositors to withdraw.
👉 STEP 6: If you still hold vHYPE, start a withdrawal on the Ventuals vHYPE page. Withdrawals are processed in batches every 24 to 72 hours, and the HYPE becomes claimable in your HyperCore spot account about 7.5 to 9.5 days after processing. The sunset guide also explains how to swap leftover USDH collateral for USDC.
Final Thoughts on Ventuals
Ventuals is built on Hyperliquid, and the project aims to democratize private equity markets by enabling the trading of pre-IPO assets, such as those of OpenAI and SpaceX, with up to 10x leverage.
Participating in Ventuals’ testnet and VLP vault (depositing stablecoins) may qualify users for potential retroactive token airdrops and Hyperliquid’s HYPE rewards. Early engagement offers low-risk exposure to a promising platform with no financial commitment (500 USDC testnet tokens provided)
However, no official airdrop is confirmed, which creates uncertainty. Additionally, airdrop eligibility may favor high-volume traders, potentially excluding smaller participants.
In conclusion, Ventuals is worth joining for active DeFi users. Early adopters, VLP stakers, and high-volume traders benefit the most from this.
Community Details About Ventuals
It is important to stay connected so you can quickly hear about new developments and announcements about Ventuals.
Here are the official channels that you should be following:
- 🌐 Website: https://testnet.ventuals.com/trade
- 🐦 Twitter/X: https://x.com/ventuals_
- 📝 Docs: https://docs.ventuals.com/
Lastly, always make sure to use official links from verified sources to avoid scams or phishing attempts.
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