[CoinFund Partner: The Crypto Industry Has Yet to Solve the Tokenomics Challenge] According to The Block, CoinFund Managing Partner David Pakman stated that the crypto industry has still not addressed its biggest tokenomics challenge—creating native tokens whose value is closely tied to the long-term success of the underlying network. Pakman believes that many crypto tokens are still primarily traded based on network narratives rather than economic performance, leaving contributors uncertain between short-term compensation and long-term token exposure. He suggested that project teams could pay contributors in stablecoins to attract talent unwilling to bet on the long-term value of native tokens. Using his own Ethereum mining experience as an example, Pakman noted that he benefited from holding $ETH, but most projects fail to generate similar long-term returns.