Seeing @Super4DeFi reposted information about brokers selling Polymarket shares. Putting aside whether the $12 billion valuation is inflated or not, what caught attention is the exit path: The exit pathway terms are scarce, equity comes with token warrants, offering dual exit paths of IPO + token. The equity is equity with attached tokens, and the tokens unlock and become sellable after 1 year. It seems the future exit paths for capital markets will, as predicted, move towards simultaneously activating market liquidity and trading pricing through both IPO and TGE (Token Generation Event) capital markets. Companies will prefer to list simultaneously on multiple stock/crypto exchanges such as Nasdaq/NYSE + Binance + Coinbase + Upbit + OKX + Robinhood+, reaching global retail investors directly. In the long run, the time left for altcoins, vaporware narratives, and "next-gen infrastructure" projects is running out.