Legion & Cookie3: Evolution of Onchain Fundraising

Bullish:

• $REGTECH - Regulatory clarity is coming to crypto markets, with the SEC preparing to provide guidance if Congress doesn't act, creating opportunities for regulatory technology and compliance infrastructure

  • “The SEC seems to be indicating that if if, you know, clarity doesn't come from the house or the senate, they will be providing guidance to this effect themselves.”

    Matt·58:15
• $TOKENEQUITY - The convergence of traditional IPOs and token offerings will create a unified market where stocks and tokens are essentially the same thing

  • “We see kind of the future of IPOs, right, the stock market and ICOs as being one and the same thing.”

    Matt·2:42
• $CREATORTOK - A new asset class will emerge where creators tokenize themselves and offer revenue distributions from their lifetime earnings

  • “You'll see, like, MrBeast, right, like, tokenizing himself saying, you know, you can buy this token and get a revenue distribution of 10% of, like, my lifetime earning.”

    Matt·21:37
• $DATALYTICS - Markets will become more efficient through 24/7 trading of tokenized assets with permissionless global access, driving demand for data analytics and attribution technology

  • “We believe that ultimately the market will be much more effective, including running 24/7 with tokenized or attract via assets, commodities, so on, that will have permissionless access to everyone globally.”

    Filip·25:00

Bearish:

• $LOCALEXCH - Local stock exchanges outside the US face significant valuation discounts and competitive disadvantages compared to the Nasdaq

  • “Everything other than the Nasdaq pretty much is gonna is gonna cost you a lot in terms of valuation.”

    Jose·35:54
• $VC - Lower-tier venture capital funds will face extinction as democratized investment platforms enable smarter retail investors to compete directly

  • “You'll have the long tail of VC funds, the tier twos, tier threes plus dying out versus competition from smarter kind of retail, for lack of a better term.”

    Matt·24:42