Ten years from now? IPOs might be relics. Companies will skip the traditional route and drop tokens instead.

Think about it—finance is finally catching up to the direct-to-consumer wave that reshaped every other industry over a decade ago. Just massively delayed.

I've watched this shift unfold firsthand. Spent years in gaming and media, building toward this exact moment. The parallels are wild. What transformed how we consume content and entertainment is now hitting capital markets. Token launches cut out the middlemen, hand ownership straight to communities, and flip the script on access.

The infrastructure's here. The appetite's growing. We're not asking if anymore—we're asking when.