POPA ReconThe Four Quadrants of Web3 Companies
The Four Quadrants of Web3 Companies Crypto-native no traction: teams destroy capital with narrative tokens lacking revenue; most 2025 launches dropped sharply as users proved mercenary Crypto-native with traction: earn real fees but tokens lack mechanical claims on revenue; buybacks help short-term but second revenue legs are needed beyond volatility TradFi-oriented no traction: build useful compliance and tokenization tools with long sales cycles; focus on runway and M&A outcomes in a hot acquisition market TradFi-oriented with traction: lead tokenized RWAs growing 3.4x to $18.6B; they w…
The excerpt is quoted from a public Telegram channel, which owns its text.