“a lot of people have tried to apply web 2 product models to web3 and that’s failing. They’re focused too much on trying to manage and control tokens as utility like you would manage a web2 product outcome — and what they failed to recognize is that tokens are a new type of enthusiasm market, measuring more the meta sentiment about the product or the content than the underlying utility of it. Tokens are (currently) better at representing sentiments than utility.”

— yat siu, animoca

🥷 at Senpi:  senpi.ai 
 | Your AI edge in the market — finding signal, auto-trading, mastering exits. Welcome to the onchain dojo.

He went on to also say that, of course, that also makes it harder for tokens to sustain value as people shift their attention to the next meta