The Unreliable Narrator?
#DeFi as an emerging asset class provides interesting propositions for investors.
The emergence and proliferation of utility and governance tokens that produce cashflow and distribute dividend-like profits back to token holders have allowed for a more traditional assessment of the valuation of cryptocurrencies. Even still, ownership of a protocol and the utility it provides rather than a legal entity in the form a traditional company is a completely unique proposition and I’m interested to see how the digital asset investing industry adapts and develops new valuation methodologies.
I’ve started this Substack with this view and to take on more serious research, valuations and present its findings here. Nothing in this blog will ever be financial investment advice and is for educational purposes only.