Thousands of crypto unicorn communities, how the next couple decades will usher in massive value

It often amazes me when I look at value within the cryptocurrency ecosystem, it just doesn't quite seem to compliment the entire concept of an asset class with no intrinsic value, quite the contrary.

The term "unicorn" is something not a lot of people are familiar with, at least not amongst people not largely involved in finance and technology. That said, it is an analogy for private startups valued over $1 billion.

Why this analogy? How do private startups and unicorns relate?

Well, the concept of a "unicorn" was first coined by Aileen Lee, a venture capitalist, in a TechCrunch article published in 2013. She used the term to describe the rarity of such companies, emphasizing that they were as mythical and elusive as unicorns.

In today's market environment, in crypto specifically, we are experiencing a bit of a unicorn storm with shits like memecoins fueling massive cash flows leading to insane valuation spikes.

Shitcoins like pepecoin hit over $1 billion valuation not long after launch and if you think that value isn't quite a reflection of just how much flowed into this memecoin, it will interest you to know that over $2.2 billion was traded during this period, the volumes don't lie.

Though the market cap of pepe has fallen to about $500 million with significantly lower volumes, it doesn't change the fact that it was a unicorn for a quick while there.

That said, the concept of "private startups" makes crypto unicorns a bit different from traditional tech companies, this is because the use of the word "private" there means that this companies are initially owned by a few individuals during the time being of developments and growth to over $1 billion.

These individuals often include the founding fathers and VCs, but with crypto, the magic often occurs when that shit hits the public markets, so say we ignore that whole private part and focus more the $1 billion valuation and a little on the fact that crypto projects could first largely be concentrated to a small community, how many crypto unicorns do we currently have?

The general crypto markets shows that about 44 crypto projects are currently valued over $1 billion in market capitalization.

Thousands of crypto unicorn communities

The point here is that as crypto advances and decentralized systems like blockchain and smart finance protocols gain adoption, there will be the likelihood of over 1,000 well performing crypto communities valued over $1 billion, this is as opposed to calling them "companies" as though they are not privately managed or owned.

One thousand niche communities valued over $1 billion each would mean over $1 trillion in total market cap, this is currently the floating value of the entire cryptocurrency market capitalization and they are currently tens of thousands of cryptocurrencies, assets and projects.

What would the top 1,000 look like at a $10 trillion market cap? What about at a $100 trillion market? How are we sure this is even going to happen?

Tokenization of everything

Stocks are ultimately what I would acknowledge as a well developed "test market" for fractional ownership of literally anything and everything. Crypto brings near absolute functionality to tokenized value assets.

A lot of things will be tokenized and most value flows will occurs via consensus protocols, it is going to be wild, effective economic-wise? That's left to see, but I can speculate that it will be interesting to have "the people" run the ecosystem they built with each of their ventures, this is the concept.

The vast tokenization of everything is coming, the road to thousands of crypto unicorn communities is already being travelled, technology is the future and crypto/blockchain is yet its biggest product.

Posted Using LeoFinance Alpha