There was a time when anything dropping as a Layer 2 especially if it had some kind of creator reward system or tokenized content spin would send the whole space buzzing. Didn’t even matter if it had a proper use case, as long as it sounded new and came with some staking twist, people were locking tokens and counting gains before listings even opened.
Funny how a bunch of us learned the hard way that hype doesn’t always translate to price action. Some of those launches dumped so fast, you couldn’t even exit before slippage ate half the bag.
Not saying we’re back in that cycle again… but I’m definitely getting those old déjà vu vibes lately. Anyone else?
Yeah, i remember the early days of Polygon and Optimism which turned out to be a success due to their utility. I heard about some projects back then that were related to tokenized content, i can still recall one called ConfidentialLayer or so but didn’t put much attention to them. I heard about the recent one $ZORA that went live on Bitget launchpool would keep track of its performance to know if i should invest.