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Feb 03, 2026
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AVOID
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"We're at the tail end of the massive valuation layer one... game." Zaheer notes that ecosystem teams are mercenary and not loyal; they won't build killer apps for you. The 2021 playbook (Buy L1 token -> Wait for ecosystem fund to pump it) is dead. Blockspace is commoditized. If an L1 team isn't building the consumer product *themselves*, the chain will become a ghost town. AVOID. Do not buy "infrastructure" tokens that lack a native, revenue-generating "killer app." A specific L1 might secure a hit game/app by chance, causing a temporary pump. |
The Block
Is crypto dead, or is there hope for 2026? Wi...
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