Mark Fishman

You can’t let players mint new NFTs forever and expect them to hold their value. There has to be some sort of burn mechanism in place for all the excess sneakers, or else they’ll become worthless eventually.

But, then, ultimately, we get to this somewhat stark moment of conviction – a decision without certainty but with some level of instinct and belief. The work you’ve done is a big input, but then, I find there’s something else, too. It’s some combination of understanding, excitement, experience, gut, and fear. And this process repeats throughout our... See more

The only way everyone keeps making money is if other people keep putting more money into the system, which either requires more people or deeper pockets from existing people.This is the metagame of STEPN: how long can you milk the magic money machine before it all comes crashing down? And can they fix their doom loop before it gets triggered?

Tokens aren't a silver bullet that make a product or business viable. In fact, tokenization creates its own set of challenges. For example, if you want stable recurring revenue, you can't rely on a tokenized membership model – this would require consistent sales of a token rather that consistent member dues.