The closure of Terminal due to the failure of the Converge chain to launch highlights the significant risks associated with building on pre-launch or unproven blockchain ecosystems. Investors like 6th Man Ventures are explicitly avoiding apps on such chains, preferring established "lindy L1s" like Solana due to their proven technical stability, liquidity, and user base. This reinforces a preference for established infrastructure in crypto investments to mitigate execution and ecosystem risk.