The growth of crypto projects, offerings, marketplaces, exchanges, nfts and the upcoming metaverse is releasing a tsunami of activity and applications into the market. All have a similar key objective not to capture adoption but driving the underlying valuations of their tokens higher.
Financing of such projects has been driven by the rapid adoption of the token by early adopters — counting on the ever higher price of the token for ongoing funding, but creating very little long tail of support and sustainable growth.
