Framework Ventures co-founder: Vine/Jelly and other startup tokens have shifted the market from Meme culture to focusing on the actual utility of tokens

PANews reported on January 30 that Vance Spencer, co-founder of Framework Ventures, tweeted that startup tokens like Vine and Jelly are beginning to attract market interest. He pointed out that many early startup tokens were of low quality and the founders were more for cashing out, which resulted in the final value of these tokens being zero. But now the market is beginning to think about the actual use of tokens, not just chasing "Meme culture."

He mentioned that the market is more concerned about those on-chain startups that can generate income, have a repurchase mechanism, have broad market prospects and can continue to grow. In other words, the market no longer favors tokens that are sold off, but rather those that are repurchased and truly valuable.

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Author: PA一线

This content is for market information only and is not investment advice.

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