On January 30th, PANews reported that Vance Spencer, co-founder of Framework Ventures, tweeted that early-stage tokens like Vine and Jelly are starting to attract market interest. He pointed out that many early-stage tokens had low quality, and founders were more interested in cashing out, resulting in these tokens eventually dropping to zero. But now the market is starting to consider the actual use of tokens, not just chasing ‘Meme culture’.
He mentioned that the market is more concerned about on-chain startups that can generate returns, have buyback mechanisms, have a broad market outlook, and can sustain growth. In other words, the market is no longer favoring Tokens that are being sold off, but rather values Tokens that are bought back and truly valuable.
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