Tokenization "eating the asset class," is challenging the following core practices:
The way new companies are created and managed.
How they are funded, and by whom.
The dichotomy between the private market and the public market.
Once liquidity is part of most hyper-growth projects, It will be a different game.
It will break the walls between VC, PE, and public markets.
It will open the door to investing in proximity to the best VCs and sometimes for a better risk-reward ratio.
Volatility will increase and be part of the game very early.
Volatility and risk are different in our mind, and one can embrace volatility to reduce risk.
A new breed of investors with a diffrent investment approach will do well in this new game.