Any counters to Stats’ view that there’s no reason for CT to care about Polymarket or Kalshi’s success because they aren’t investable and don’t pump our existing bags?

gm. Was thinking more about @rasmr_eth’s point that we on CT have no reason to care about prediction markets.  And I wanted to double down on this point so I made a video.

Stats

Twitter

The founder of ARK Invest recently continued to attract attention from the cryptocurrency community by publicly naming three crypto assets that she values ​​most highly at the moment, including Bitcoin (BTC), Ethereum (ETH), and others.

Cathie Wood names three cryptocurrencies that she rates highest.

Cryptocurrency industry giants have flocked to Abu Dhabi, desperately seeking funding to revitalize the sluggish market. As Bitcoin loses momentum since October and the industry faces an unexpected downturn, key figures ranging from MicroStrategy founder Michael Saylor to Binance founder CZ have appeared in the UAE capital, hoping to secure financial support from deep-pocketed local investors.
According to a Wall Street Journal report on Sunday, cryptocurrency executives were busy traveling between various venues last week, from a Bitcoin Middle East conference to a "whale-only" beach club dinner, and champagne on a superyacht...

In a bear market, crypto tycoons are banding together to embrace big investors! They've gathered in Abu Dhabi, calling the UAE "the new Wall Street of crypto."

Original Author | Keegan Xiaogang Original Link:
My First Web3 Startup: From Building a DEX Team to a Funding Crisis. Disclaimer: This article is a reprint. Wu Blockchain has been authorized by the author to reprint it. Readers can obtain more information through the original link. This reprint is for informational purposes only and does not constitute any investment advice, nor does it represent Wu Blockchain views or positions.
The full text is as follows:
I reviewed the technical content I've shared over the past few years and clarified my future direction: no longer focusing solely on "explaining the technology," but rather hoping to adopt a Builder's perspective, reviewing past projects I've worked on...

My first startup on Web3: From high morale to funding shortage and project dissolution

One immediate counter is anyone farming Polymarket at least thinks they have token exposure via a potential airdrop (point applies to other PM’s with tokens as well)

More opportunity for me to dominate
Less competition from the content perspective
Capitalize on the interest from outside CT
🤷‍♂️🤷‍♂️🤷‍♂️

Huge opportunity for creators I would agree

Would agree he’s not saying they’re bad
Just asking why this cohort of people specifically should care
Tokens / incentives is the obvious first response I think
Longer discussion to be had about why we should care about economic / political markets

You’re forgetting how much of a meme Blast and others have made of “I should pump this VC-backed product cause I might get an airdrop”.

There’s downstream effects from apps building on Kalshi or Polymarket that you could get financial exposure to
But also crypto apps breaking out into the main markets could funnel more users into the eco who explore other apps

Definitely agree on point one, and more defi primitives will make pred markets even more interesting
Point 2 I think we are still in wait and see mode but hope it plays out