A few months back I wrote that I no longer had the confidence in crypto making any meaningful impact in the world. A feeling most of us had during the DeFi summer of '21. Past years has been mostly max value extraction through pump(.)fun, predatory VC projects and many real builders leaving the space. While a lot of damage has been done, I also think we're in between the 1st stage of playful experimentation and institutional adoption of technology. A more favorable SEC and regulation are pointing in that direction. I've been shilling $AVICI hard and there's a reason for that. It's the first project in a long time which ticks all boxes. A working product, growing adoption, a based and principled founder who said no to VCs and built with his own money. Why is this important? Cause it takes a lot more to put your own savings on the line than it is to use community funds and fail. Then of course there's MetaDAO and their ownership tokens. While I don't think it's revolutionary as a concept (it crosses many similarities with equity), it might be a more favorable time to try this without Gary Gensler breathing down our necks. I really hope that the change of wind in terms of crypto becoming more favorable viewed by governments will allow this development to continue. We suffered particularly because projects were not allowed to raise funds and issue tokenized equity. They were forced to find all sorts of weird utilities to avoid getting labeled as a security. To sum up: I believe we'll see real builders flourish in the next bear market and the bull after it. I believe $AVICI, $META, $AAVE are setting the tone. Let the price action noise be that. LFG