Thoughts on Vertical Tokenization Launchpads

Putting aside short-term price action,
Pump showed us that you can launch tokens without insiders, pre-sales, or a float-FDV mismatch.
Then Believe figured out that you could allow coin creators to monetize by earning a portion of the trading fees, not by dumping on the audience.
Zora has implemented a similar approach too.
Now some people think memecoins are dying.
Maybe.
But tokens with vertically integrated use cases are just getting started.
Innovation follows speculation, not the other way around.
The cycle works like this: invention -> speculation -> large scale commercialization.
This was true for all manias from steel to railways to automobiles to telecom to the internet to AI.
We’re now in the synergy phase of tokens.
Sure, Pump generated a billion in fees or whatever.
But the real commercial opportunities for tokenization have just begun.
vertical tokenization revenues will dwarf memecoin launchpad revenues.