Unfortunately, most LPs aren’t set up to handle tokens—they don’t know what a crypto wallet is, nor do they want to go through the trouble of figuring it out.

Presently, the dominant blockchain/Web 3.0 application is decentralized finance, but I think it’s easier to see the value of where things are heading, and to allay worries about hype cycles, pyramid schemes and speculative bubbles, if we look past the purely financial stuff. Once you start to dig into some of the applications that venture... See more