Vandelay Technologies, Inc.

starting to realize most of the breakout coins on base might be new infrastructure coins

degen led here, and now virtuals and clanker

have preivously been bearish on infra/utility type stuff but re-assessing

Degen had some utility to give it value, does clanker have anything to give it utility aside from being associated to the narrative/meme of clanker coins this cycle? 

If no utility I struggle to understand how anything survives once the narrative does down and people move on to the next casino 

It’s what happened to 99.9% of alts in the ico mania

Crypto, nouns, malleable software, interfaces, running. // working on @agora // https://0xmcg.com // /the-pond

Yeah most of my thinking is in the next 6 months or so - almost no tokens have shown they can survive a market and come back better the next time around, so that's not my plan.

I think Degen had utility but almost all of the value / speculation had very little to do with the utility and more with making more money. Elaborate ponzi (in a good way) in that sense.

Clanker has no utility, I don't think stuff like Virtuals does either. But the speculation can go longer than people think

Anecdotally was able to track down an onchain wallet tied to a VC firm buying like $800k of clanker which prompted some of these thoughts