Launching a token is easier than building a company

GM!

In this issue we’ll cover events in Europe, NYC — and why we think Web3 founders should fail faster

In Silicon Valley, being a second-time founder is a badge of honor

In Web2, failed founders are embraced. They walk away with more experience, better odds, and a higher chance of raising again. Everybody wants to identify themselves as a second-time founder.

In Web3 however, when a crypto project fails, founders don’t close shop. Instead, they launch a token in a last-ditch attempt to revive it.

But a project that isn’t already working isn’t going to work better with a token.

In 2025 alone, 1.8 million cryptocurrencies have already failed, the highest number of failures recorded in a single year.

The most that happens with last minute revive-my-project-with-a-token attempts is that founders get to cash in while users still don’t get any value from the product.

The lesson for honest builders? 

Do the hard thing. Sometimes failing to find PMF and trying again from scratch is more noble than failing and launching a token.

🇺🇸 NYC has always been a tech magnet

But this season is not just for New York residents — crypto folks from outside of the US are booking flights too. 

5 NYC events that have been pulling global attention 🇺🇸:

1. Solana Accelerate 

2. Stablecon 

3. NY Tech Week by a16z, 100+ side events

4. Permissionless, 30+ side events (still 3 weeks away!)

5. ETHGlobal New York

We’ll dive deeper into the NYC ecosystem in the next issue. Full list here.

Who Are We?

We’re building:

1. cryptonomads.org—the go-to platform to discover crypto events, companies, jobs, and professionals.

2. A private club for web3 founders and builders who ship cool things and meet at events worldwide.

Cheers!