Vance Spencer, co-founder of Framework Ventures, stated that the market's attention towards startup tokens has shifted from "meme culture" to the actual utility of tokens. Startup tokens like Vine and Jelly are beginning to attract market interest. Spencer pointed out that many early-stage startup tokens were of low quality, with founders aiming to cash out, resulting in tokens eventually being worth nothing. However, the market is now focusing on on-chain startups that can generate revenue, have buyback mechanisms, possess broad market prospects, and can sustain growth. The market is no longer favoring sold-off tokens but rather those that have been repurchased and are truly valuable.

PANews reported on January 30 that Vance Spencer, co-founder of Framework Ventures, tweeted that startup tokens like Vine and Jelly are beginning to attract market interest. He pointed out that many early startup tokens were of low quality and the founders were more for cashing out, which resulted in the final value of these tokens being zero. But now the market is beginning to think about the actual use of tokens, not just chasing "Meme culture." He mentioned that the market is more concerned about those on-chain startups that can generate income, have a repurchase mechanism, have broad market prospects and can continue to grow. In other words, the market no longer favors tokens that are sold off, but rather those that are repurchased and truly valuable.

The startup token market is shifting from meme culture to actual utility, with Vine and Jelly leading the trend.