Austin Castellaw

The pattern of boom and bust is easy to explain: the token prices appreciate when the game is growing and people are ever increasingly putting in money to buy assets and play.

Summary: If you assume the next 5 years of crypto venture funds produce blended 10x returns, then (based on recent investing volumes) these cohorts of token projects will need to produce an estimated $2T of market cap and over $800B of float would enter markets on a 5-10 year time horizon. This cannot be absorbed by retail; it will require... See more

StepN isn't a P2E. It's a social fitness app. Different user demographic.  Running is a perpetual activity for those who wish to keep themselves fit.  Hence, StepN's base players are more sticky compared to other games.

-A high value of yearn is having people take initiative and not having gated processes. An example of this is multiple private yearn telegram groups, but the problem is information was not trickling to the wider community

Coordinape can quickly become a contest of popularity. “Visible” members usually tend to receive more than other members. This could be a major issue for people working by themselves and not sharing their work with other members on TG or Discord for example. At the beginning of each Epoch, each member can add a few lines to explain what they did.... See more

Capital is flowing into crypto. Over $20B in crypto funds have been raised since the start of 2021 per Dove Metrics. Dry powder is abundant, but liquidity is asymmetrically distributed. Most capital is focused on early-stage, private projects. That’s not sustainable. While retail investors have been able to consume the float of historical crypto... See more