In this Bankless episode, Joey Krug and the host wonder if the “crypto-native era” is really over now that big institutions are using crypto rails without the cypherpunk vibe. They mine lessons from Augur’s rocky start, unpack why Polymarket finally found product-market fit, and look ahead to regulatory smackdowns around market structure and insider edges.
Then it’s all about what’s next: a distribution-first playbook for founders, weaving crypto into AI and other frontier tech, and debating how four-year cycles, layer-1 and ETH valuations, and privacy will shape the next decade. Krug even shares what he’d build today and why, despite lower upside, the space is still ripe for innovation.
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