1/ Just read @jchervinsky and @variantfund's thoughtful piec

1/ Just read @jchervinsky and @variantfund's thoughtful piece on "Tokens Versus Equity" - a framework for how crypto founders should think about value accrual in the new regulatory environment.
Core thesis: tokens for onchain value, equity for offchain value.
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1/ Just read @jchervinsky and @variantfund's thoughtful piece on "Tokens Versus Equity" - a framework for how crypto founders should think about value accrual in the new regulatory environment.

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}1/ Just read @jchervinsky and @variantfund's thoughtful piece on "Tokens Versus Equity" - a framework for how crypto founders should think about value accrual in the new regulatory environment.

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1/ Just read @jchervinsky and @variantfund's thoughtful piece on "Tokens Versus Equity" - a framework for how crypto founders should think about value accrual in the new regulatory environment.