Equity tokens or tokenized equity, pick one. This cut is harsh enough, but the market really isn't buying the pie-in-the-sky narrative anymore.

CoinWorld News: Blockworks co-founder Mike Ippolito said in a post that, due to a lack of legal protection and facing extremely high potential risks, investors are applying higher discounts to projects adopting an “equity plus token” dual-structure. He believes that the dual structure is no longer viable in today’s crypto market and suggests that project issuers must make a decisive call—choosing one direction between equity and tokens—or they will face a “slow bleed” exhaustion situation.