Framework Ventures co-founder: Vine/Jelly and other startup tokens have shifted the market from Meme culture to focusing on the actual utility of tokens

On January 30, Vance Spencer, co-founder of Framework Ventures, tweeted that startup tokens like Vine and Jelly are beginning to attract market interest. He pointed out that many early startup tokens were of low quality, and the founders were more for cashing out, which resulted in the final value of these tokens being zero. But now the market is beginning to think about the actual use of tokens, not just chasing "Meme culture." He mentioned that the market is more concerned about on-chain startup projects that can generate revenue, have a repurchase mechanism, have broad market prospects and can continue to grow. In other words, the market no longer favors tokens that are sold off, but rather values ​​those that are repurchased and are truly valuable.