The future of token markets are starting to look a lot more like public equities:

- Transparent accounting structures
- Quarterly earnings calls
- Quarterly reports
-Investor relations & capital markets teams
- 1:1 engagement with largest holders
- Top-down hierachy for product decisions
- Tokenholders have a claim on cashflows & own real equity
This is what makes tokens investable from an institutional capital allocator's perspective.
The market wants to go all in on tokens with clear value accrual mechanisms, and there's not many of them.