Nigel Lee 🅧 (@nigelwtlee) 's Twitter Profile
Nigel Lee 🅧

@nigelwtlee

Follow me for visual mental models of web3 concepts. Previously @McKinsey @Immutable

ID: 1168147087038402560

linkhttps://nigellee.substack.com/ calendar_today01-09-2019 13:02:37

1,1K Tweet

613 Followers

523 Following

Nigel Lee 🅧 (@nigelwtlee) 's Twitter Profile Photo

Crypto tokens are out of control. The following are the approximate number of tokens listed in: 2017: ~600 2021: ~4000 2024: ~13000 And that's just the ones in aggregator websites like CoinMarketCap and CoinGecko. Do you know how many stocks are listed in the NYSE? 2,300

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For teams with tokens, another BIG problem—where do you launch it? Not only are there too many tokens (supply is high)... But capital is also fragmented across many L1/L2/L3s (demand is "lower")... Even Solana is considering rollups and L2s. This trend will continue.

For teams with tokens, another BIG problem—where do you launch it?

Not only are there too many tokens (supply is high)...  

But capital is also fragmented across many L1/L2/L3s (demand is "lower")...

Even Solana is considering rollups and L2s. This trend will continue.
Nigel Lee 🅧 (@nigelwtlee) 's Twitter Profile Photo

Probably a controversial take. We're entering the Proctor&Gamble era for tokens (and arguably tech). Tokens are a commodity. It now boils down to brand and audience building. No one cares about your TPS.

Nigel Lee 🅧 (@nigelwtlee) 's Twitter Profile Photo

Hmm $PYUSD only has ~12.6k holders? Doesn't feel aligned with the $1B TVL news on Solana. Is there something wrong with the data? Token Terminal 📊 If it's correct then... why so little? All institutional? No retail?

Hmm $PYUSD only has ~12.6k holders?

Doesn't feel aligned with the $1B TVL news on <a href="/solana/">Solana</a>. Is there something wrong with the data? <a href="/tokenterminal/">Token Terminal 📊</a> 

If it's correct then... why so little? All institutional? No retail?
Nigel Lee 🅧 (@nigelwtlee) 's Twitter Profile Photo

Why do teams and founders today think, "if only I had someone great at building narrative, then my token would moon." As if narrative is the only problem! Remember Theranos? WeWork? Fantastic narratives until it all came crashing down. Narrative is just one ingredient.

Why do teams and founders today think, "if only I had someone great at building narrative, then my token would moon." As if narrative is the only problem! 

Remember Theranos? 

WeWork? 

Fantastic narratives until it all came crashing down. 

Narrative is just one ingredient.
Nigel Lee 🅧 (@nigelwtlee) 's Twitter Profile Photo

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