The number of tokens listed on CoinMarketCap has now exceeded 20,000 on the heels of a banner year for capital formation in crypto, which saw over $33B of venture dollars flow into the ecosystem - much of which indexed toward companies or projects that plan to launch a token. With the promise of valuation marks divorced from reality, and the tantalizing prospects of instant traction and early liquidity, it’s easy to see why many founders depart from the boring old equity raise. The unfortunat...

The number of tokens listed on CoinMarketCap has now exceeded 20,000 on the heels of a banner year for capital formation in crypto, which saw over $33B of venture dollars flow into the ecosystem - much of which indexed toward companies or projects that plan to launch a token. With the promise of valuation marks divorced from reality, and the tantalizing prospects of instant traction and early liquidity, it’s easy to see why many founders depart from the boring old equity raise. The unfortunat...