Over the last few years since 2021, we’ve seen a surge in the number of companies built in crypto — a majority of those funded companies raised capital at generous valuations. From an investor perspective, an exit into these companies largely comes from a token at some point with the rare possibility of an acquisition and even rare chance of an IPO. Looking at token generation events in the past, an investor getting in at the pre-seed/seed stage, made at least over 10x returns through their a...