Saved by 0xsmac
On the VC private vs. public market arbitrage in crypto
This happens slowly because while public markets trade daily and prices then adjust instantly, private markets don’t get reset until follow-on financing rounds happen which can take 6–24 months.
Both Sides of the Table • What Does the Post Crash VC Market Look Like?
Even if nobody trades their community service NFTs publicly, the possibility of private sale reduces the signaling value. And in a fully liquid market for such tokens, the signaling value washes out completely.