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Coop
@coopahtroopa.eth
One of the tougher parts of building consumer apps is seeing dozens of L1s and L2s being valued at multibillion dollar valuations while they entirely rely on strong apps to give them tangible value. Meanwhile... the number of billion dollar+ crypto consumer apps is basically 0
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notdevin
@notdevin.eth
Are we talking about real value or paper value? There are no crypto anything’s that have made it past the inner circle yet in terms of adoption.
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Stellar
@stellar
It’s real value to the founders of they take a secondary on it.
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notdevin
@notdevin.eth
True and they should! Different instances of value though. One is a global value, the other is a local value and they don’t have the same impacts on the market or adoption
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Stellar
@stellar
I know but there is a tragedy of the commons issue where global value can be sacrificed by unscrupulous founders with a local maxima of confidence from investors and hype. Adam Neuman took more in secondaries than all of WeWork was worth for telling stories well.
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notdevin
@notdevin.eth
I’m losing track of the topic here. I’m saying the valuation of crypto projects can be huge on paper but the general public wouldn’t know because they’ve never and would never use the projects making the valuation suspect and potentially just a paper based valuation not reality.
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