At the DAT Summit hosted by @LunaPRofficial, @AlessiaBaumgar, VP of Ecosystems at DWF Labs, joined a panel alongside @AliceCrypto3, Chris Miglino, and @kadvani. Here’s what she discussed👇 1️⃣ The trajectory of DATs mirrors the ICO boom of 2017, with a bright beginning driven by early pioneers, a period of FOMO, and then speculation followed by underperformance. 👉 The cycle reflects a maturing market. 2️⃣ DATs raised the bar for what the TradFi sectors require in terms of professionalism, such as investor relations, clear pitching and capital allocation narratives, and higher standards of transparency and governance. 3️⃣ The DAT market isn’t dead, and instead is going through a period of maturation and adjustment. 👉 The market needs time, better structures, and stronger operators to develop sustainably. 👉 Survivors of this phase are likely to influence best practices for the next institutional wave. 4️⃣ There are two potential views on whether TradFi is uncomfortable with digital assets on corporate balance sheets. 👉 Skeptical view: TradFi is applying the same frameworks and risk controls it uses everywhere else, and crypto is still too small for legacy institutions to focus on. Bullish view: 👉 The DAT cycle reflects a pattern where traditional finance has historically pushed back against disruptive technologies (as seen with the SEC). 👉 The scrutiny may signal recognition of a future premium once blockchain meaningfully disrupts capital markets. Thank you @LunaPRofficial for having us on this panel 🤝