🚨 CRYPTO’S NEXT BIG DEBATE: TOKENS vs. EQUITY 🚨
A major conversation is heating up in Web3 — and it could reshape how crypto projects are built.
Jake Chervinsky (CLO at Variant Fund) says the token vs. equity debate is only getting started. Many projects, shaped by years of regulatory pressure, pushed value into equity instead of tokens. Now, as policy winds shift, builders are rethinking everything. 👀
🧩 Key Takeaways
• Tokens ≠ stocks — no one-size-fits-all model is coming
• Tokens shine at on-chain ownership & control
• Equity is better suited for off-chain income & assets
• Clarity matters: holders must know what they own, control and don't.
🌐 Why It Matters Tokens unlock something equity never could: self-sovereign ownership of on-chain infrastructure — no intermediaries required. But off-chain value still plays by different rules.
The future? Likely hybrid models, experiments, and new structures — not a single standard. Some projects may go token-only, others tokenized equity, and some a blend of both.
Crypto isn’t choosing sides — it’s redefining ownership itself. 🚀
