The world is a giant Tencent

@elevenlabsio, after completing a new round of financing, has achieved a post-investment valuation of a terrifying 11 billion dollars.

▌The bad news is:

Despite the presence of Crypto VCs like a16z, Redpoint Ventures, and Lightspeed Venture Partners among the investors, the probability of ElevenLabs taking the tokenization path remains very low.

▌The good news is:

If ElevenLabs does not issue tokens, someone will issue them for it.

This has always been the case.

When the leader refuses to tokenize, the market inevitably spawns mirror projects.

Once ElevenLabs establishes the narrative ceiling, capital will quickly support a group of challengers that market themselves as "decentralized audio infrastructure." These projects will use ElevenLabs as a benchmark anchor point and complete their value distribution through token economics.

History always rhymes.

Will this time be different?

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