Imo one of the big opportunities in crypto right now is to figuring the new meta for project tokens. 

Current model of Seed → A → B → high fdv low float erc20 airdrop is broken and down only for 99% of projects. 

The naive solution of "just launch a liquid erc20 from the start" is likely incorrect. Having a low liquidity, tradable token creates the incentive for teams to turn their token price into the product.

Imo correct approach balances: 
* Early onchain existence (have a token at seed) to integrate with onchain infra
* Progressively more liquid in a controlled fashion (akin to secondaries) as project matures
* Whole process is about as easy to manage as Carta

I know this is a boomer take, but i just don't see 100x more companies wanting to go onchain if they have to enter the casino on day 1.

New medium for capital markets. 

Have the same features the best capital market has to offer delivered through new innovative vehicles. 

Eg. Instead of investing at the org level, you can invest at a lower level, product or any other subsection. This is where concepts like contentcoins fit in, or tokenizing sub-features of a company offering. Not all parts of an org are net positive cash-flow.

Being able to have effective and efficient on/off ramps between these different capital markets create the opportunity. Will take a lot of energy and time to realize this kind of future but it’s definitely possible now. 

Makes sense I think.