We believe Web3 has a systemic issue. That issue is intrinsic value. 99% of tokens in Web3 have no value because they have absolutely zero equity anchor. The tokens are tied to attention rather than ownership, so when the attention fades, they go to zero. The few tokens that do have revenues refuse to share with holders, executing buy back and burns instead, which rarely work, unless under optimal conditions. When the conditions change, so do the mechanics. They choose that route because they retain 100% equity ownership.
Trading equities on chain in it’s current form is 100% unmanageable. There’s no users, liquidity, or marketplaces. Permissioned blockchains simply do not work. Users need mobility and the liquidity to move on chain without boundaries.
