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Crypto's 2022 Year End Review | Matt Fiebach

Inflection Point

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VC Heavy Chains Never Take Off

The reason why these like VC heavy chains never ultimately take off is what you need with all these layer ones, depends on an ecosystem of independent media and evangelists to sort of promote them. And the easiest way to do that is to have people make money off of your token. So I think that's one of the struggles as well of those sort of down only VC chains. Yeah, it's like engineered exit liquidity where the whole, the whole business model is that once it becomes available to dump, you're going to dump it on retail and make money, but only VCs are going to make money. It's not something that I'm a big fan of, but I could see

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