Unrealized gains—they're basically profits on paper, betting on something that hasn't even shipped yet. Take Solana Mobile for instance: counting gains on devices that haven't been manufactured or sold. Pretty wild when you think about it. But here's the real problem: if you're actually taxed on those unrealized gains, where does the cash come from? You'd need to convince investors to back the project just to cover the tab. And let's be honest, that's a tough pitch. It usually goes something like this—you're asking them to buy in while frantically explaining why the product's still in development. The whole thing becomes a financing squeeze that most projects can't escape from.