Crypto's capital formation process is finally undergoing a major regime shift for the better.

What I mean by this is we've really undergone a shift away from the excessively high seed round valuation games, beta chasing VC copycat tactics to hit a "management fee" and create illiquid paper profits on their books that don't actually exist in reality.

That gig is up.

Why does that affect the capital formation process in this industry?

Well, because now there is a new cohort of really strong founders from legacy finance coming in and raising at sensible valuations with much clearer business models. This is neo finance.

In addition to the new cohort, there are some large businesses and brands that cannot be named that are coming onchain this year and will have tokens that will become the most investable assets in our space and likely enter the top ten.

This year will be marked as a year of coming of age, maturity, and investing in real onchain businesses and neobanks.

It will be also the mark of one of the greatest multi-decade long bull runs for this asset class. However the power law will be in great effect.

For investors this means more precision in your allocation strategy and more due diligence at early stages with new founders and getting access to a new set of deal flow.

For founders this means no more easy VC money, no more garbage business models, and your competition has gotten a lot more serious and cutthroat.

This is a net positive for our space and I believe it will continue to accelerate the sophistication and general adoption of our technology.

Couple this with regulatory clarity and the path to mainstream is clear. Stay the course.