Framework Ventures co-founder: Vine/Jelly and other startup tokens have shifted the market from Meme culture to focusing on the actual utility of tok
On January 30th, Vance Spencer, co-founder of Framework Ventures, tweeted that start-up tokens like Vine and Jelly are beginning to attract market interest. He pointed out that many early start-up tokens had low quality and their founders were more interested in cashing out, resulting in these tokens ultimately being worth zero. However, now the market is starting to consider the actual use of tokens, rather than just chasing "Meme culture". He mentioned that the market is more interested in on-chain start-up projects that can generate revenue, have buyback mechanisms, have broad market prospects, and can sustain growth. In other words, the market is no longer favoring tokens that are being sold off, but rather values those that are being bought back and truly valuable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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