| Web3's current funding model prioritizes rapid token-based exits over genuine product development and long-term valueThe focus on quick liquidity for early investors, often through short vesting periods, incentivizes hype over substance, allowing insiders to profit before products achieve market fit or real utility To reclaim Web3's potential, capital must shift its focus from "ponzinomics" to demanding utility milestones, longer lockups tied to actual performance, and robust regulatory oversight Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. |
