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Jake Koch-Gallup
@immutablejacob
research @blockworks | crypto venture + ai maxi | prev. @messaricrypto
参加 December 2021
601 フォロー中    4.7K ファン
$CARDS has repriced much faster than actual @Collector_Crypt growth. $CARDS is up 123% over the past 30 days and 667% over 90 days. gacha spending grew 74% and 153% over the same timeframes. this rerating may be justified if token value accrual follows. today, however, the link from app growth to tokenholder returns is unclear. i'd have a much easier time going all-in on $CARDS if value capture was actually explicit (like with $RAIL). honestly though this is a much bigger crypto problem: > tokenholders are told they're buying exposure to network growth. > in reality, they're buying exposure to the *possibility* that network growth benefits the token. > meanwhile, equity holders benefit by default. to me that feels super backwards, and something we need to fix asap.
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