The Blockworks Vision

Summary

Jason Yanowitz and Mike Ippolito discuss Blockworks' rebrand and the current state of crypto, highlighting a divide between institutional adoption and struggling crypto-native tokens. They explore the industry's trust problem, broken token structures, and the need for standardized disclosures and data to rebuild on-chain capital markets. The conversation also touches on industry consolidation and the potential for a few winning tokens to lead a recovery.

• Crypto is experiencing an institutional bull market but crypto-native tokens are underperforming.
• The median token is down 80% over 5 years, indicating a structural trust problem.
• Blockworks is rebranding to focus on building trust via data and disclosures for on-chain capital markets.
• Tokens need better structures, clear shareholder rights, and standardized disclosure frameworks.
• Industry consolidation is expected, with winners in each category likely to dominate.
• On-chain data transparency can smooth volatility for companies like Figure and Coinbase.
• RWAs and on-chain capital markets represent a major long-term opportunity.
• The crypto industry is transitioning from a fringe movement to mainstream, requiring ideological adjustments.