Making Markets

Tom Dunleavy: The State of Web3 in 2024 - [Making Markets, EP.30]

May 24, 2024
Tom Dunleavy, Managing Director of Crypto VC firm MV Global, discusses the state of Web3 in 2024, covering public and private crypto investing, raising capital, Key Opinion Leaders, meta-use case of crypto, implications of on-chain liquidity, and the regulatory environment in the US.
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INSIGHT

Private Markets Are Quietly Booming

  • Private crypto markets are booming as VC funds rush to deploy capital following public market gains.
  • That money funds marketing, app development, and airdrop-style user incentives that feed on-chain activity.
INSIGHT

Token Generation Events Will Flood The Chain

  • Large anticipated token generation events (TGE) are coming in Q3–Q4 and will inject significant on-chain liquidity.
  • Once on chain, that liquidity tends to stay and fuels protocols, leverage, and new applications.
ADVICE

Launch Early To Validate Demand

  • Launch quickly to validate product and distribution rather than waiting for perfect fundamentals.
  • Use attention via KOLs and early launches to prove real-time demand and test your protocol.
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