HYP (The Hyp) was a legitimate venture-backed startup that raised $1.3M in 2021 and gained media attention (Hypebeast, CNBC) for its 'clout bidding' concept. However, verified market data indicates the company is now 'Out of Business' or effectively shut down. The submission includes hyperbolic and demonstrably false claims regarding current traction ('most people have used my product'). While the project had historical technical merit and funding, it currently lacks real-world utility as a defunct platform.
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