Crypto Tokens

Web3 applications lack some traditional sources of defensibility, but have a new powerful one: tokens. Let’s explore “token network effects” ⬇️

Amazon stock (or most growth stocks) is no different from "useless governance token". Amazon doesn't give dividend. Being a share "owner" is in name only, w/ no benefit except hoping other people'll bet on it too so price go up. All risk asset market valuation is mostly a meme