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generally, building for degens does work
they're trading oil, gold, private companies, ai stocks and collectibles now; build the right products for them, and they will come back to you
all of these things will eventually be onchain in size, and crypto will become less cyclical
Ignas | DeFi
Early $MEGA price action suggests that building for the degen crowd doesn’t work.
Sad.
The narrative has shifted from retail degens to institutions. Degens are rekt, bearish, or unwilling to deploy capital.
The only degen retail narratives showing strength are privacy and pre-IPO perps but even those are related to institutional adoption.
Things can still turn around but degens must feel they can EARN money on MegaETH. Haven't seen viral rags to riches stories yet.
@DefiIgnas the sec is literally saying they're going to bless a crypto version of public equities
it's go time
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