Leveraging crypto rails to create new assets and entirely new markets has been one of our core theses at Moonrock Capital.
Watching peaq turn physical machines and robots into real world yield bearing onchain assets is genuinely exciting, as it’s one of the main reasons we backed them in the first place.
Seeing this ambitious vision slowly but steadily come to life after all these years, and now tapping into a distribution platform like CoinList with millions of users, is pretty satisfying, not gonna lie.
Similar to how TCGs and collectibles evolved into a massive new onchain category, I believe machines and robots will become an entirely new and exciting class of RWAs onchain.
Mark my words.
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A founder in my portfolio just told me something that made me smile:
Every single competitor in their space is either already dead or about to die, as they’re running out of money.
Meanwhile they’re profitable and growing, even if their token looks dead af.
This is what bear markets are designed to do. Kill the weak and hand the entire sector to whoever survives.
The next cycle will be won by the last ones standing. And the irony is that most of them are standing right now while you’re scrolling past their tokens at all time lows.
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