Alex Topchishvili

Why Projects Sink: Insights From Matt O’Connor — Co-Founder of Legion @matty_ argues that high-quality tokenomics must transcend basic supply-and-demand mechanics, focusing instead on deep integration through sustainable incentives and value accrual. He envisions a future where tokens split into two distinct categories: autonomous DeFi protocols that utilize equity-like value mechanisms while remaining on-chain, and the actual transformation of tokens into tokenized equities for the majority of current and upcoming projects. This shift represents a strategic convergence between crypto and traditional finance, aiming to attract Web2 and Web2.5 companies by offering more familiar value structures. By blurring the line between tokens and equities, the industry moves toward greater institutionalization, creating a more mature ecosystem where digital assets are governed by the same rigorous logic as traditional financial instruments.

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