David Pakman: The crypto industry has yet to solve the economic challenges of tokens

According to The Block, David Pakman, Managing Partner of CoinFund, stated that the cryptocurrency industry has failed to address the challenge of token economics, which is creating native tokens that link value to the long-term success of the underlying network. David Pakman believes that many encrypted tokens are based on network narratives rather than economic performance transactions, which creates uncertainty for contributors between short-term compensation and long-term token exposure. David Pakman suggests that project parties use stablecoins to pay contributors in order to attract talent who are unwilling to bet on the long-term value of native tokens. David Pakman used his own ETH mining as an example, stating that holding ETH benefits him, but most projects have not generated similar long-term returns.