Ashish Homkar

Founder, CEO @Blockphrase | Helping Projects Navigate Tokenomics, Tokenization & Compliance(MiCA,VARA) Across Digital Assets

[Ashish Homkar @HomkarAshish]

The concept of building your own Frontier LLM model is pretty much the same as building your own blockchain. Do we need more LLMs or do we need more Blockchains?

The idea of having your own blockchain comes from the "Own the playground" rather than play the game, mindset that companies or innovators believe in.

The bigger picture gets funded much more than the wrapper.

The infrastructure layer gets funded at a completely different scale than the application layer. OpenAI, Anthropic, and xAI have raised tens of billions combined.

Solana, Sui, Aptos, and Monad have each raised hundreds of millions to billions just to build the base chain, before a single killer app existed on top of them.

The honest question underneath "do we need more LLMs or more blockchains" isn't a capacity question.

It's whether you're actually building infrastructure the market needs, or whether you're building a monument to not wanting to be someone else's tenant. Both are valid businesses. Only one of them justifies a $500M infrastructure round.

Which one do you think is more overbuilt right now: LLMs or L1s?

Well, congratulations to the Ondo team, building a blockchain specifically around RWAs

[Ashish Homkar @HomkarAshish]

@0xNairolf @inversebrah Well they are a regulatory requirement if you want to sell in the continent of Europe

[Ashish Homkar @HomkarAshish]

Tokens should have revenue backing them up

[vibhu @vibhu]

Everything with revenue should have a token.

[Ashish Homkar @HomkarAshish]

@niran7 Your talking about human resources folks arent you?

[Ashish Homkar @HomkarAshish]

@niran7 @lets_ash is top guy and his team do some great work around IRL content

[Ashish Homkar @HomkarAshish]

@solana @SuperteamTH Really missed out on putting “self control” from vice city as music @vibhu

[Ashish Homkar @HomkarAshish]

@gyan_w3b Saturday night you’re drunk/high. Sunday acts like it didn’t exist

[Ashish Homkar @HomkarAshish]

@DevanshuXi @AsaadSayed61 Remember speaking to one Indian founder based out of SF, reached out to offer a niche serve their product needed (He mentioned that in our IRL meet)

Goes on to say - what’s your business model? What kind of outcome you’re looking at from this message?

Just say no or whatever.

[Ashish Homkar @HomkarAshish]

Usually because a startup needs a founder, while a successful company (startup that is a success) needs a different kind of leadership.

It’s not always the case that the founder can fill both shoes

[fidexCode @fidexcode]

Why do founders sell their startup even when it is already successful or becoming successful?

[Ashish Homkar @HomkarAshish]

They’ve just add more weird flavours to it, like what the hell is a mango blueberry flavour?

[tree @treeonchain]

why is vaping still a thing in 2026?

pls take the usb stick out of your mouth

[Ashish Homkar @HomkarAshish]

@roberrtsun Don’t you dare ask for a dip, they’ll probably charge you 4$ with an additional 2$ tip

[Ashish Homkar @HomkarAshish]

Coming there in 2 weeks!

[Moe @themoe]

Move to Thailand asap

[Ashish Homkar @HomkarAshish]

@mil000 So the higher income people can record and crib online

[Ashish Homkar @HomkarAshish]

@i_am_tarunkumar @kunalvg One of the many reasons but incentives are the clear reasoning

[Ashish Homkar @HomkarAshish]

We are Infact in a weird kind of dystopian matrix

[OpenAI Newsroom @OpenAINewsroom]

Apple is getting this wrong.
https://t.co/IStp6WhOrS

[Ashish Homkar @HomkarAshish]

@pritisinghhhh There are no accidents

[Ashish Homkar @HomkarAshish]

A peptide to make you forgot all the liquidations in the market

[toly 🇺🇸 @toly]

A peptide but for making you feel like you just watched a great movie.

[Ashish Homkar @HomkarAshish]

Everyone's calling this market dead. They said the same thing in 2022, right before the biggest wave of token issuers yet started building, because the average person is generally not thinking beyond

Ever heard of Hyman Minsky?

Capitalist economies are naturally prone to periodic financial crises," from his Financial Instability Hypothesis.

Minsky's argument: Stability itself breeds the conditions for the next crisis, because calm periods push people toward riskier and riskier financing until the system snaps. Then it rebuilds, more disciplined, until the cycle repeats.

Token markets have run that exact loop since 2017:

2017: Anyone with a token and a whitepaper could raise. No product requirement, no real diligence bar. Logic < Speculation.

2021: DeFi matured technically, but the capital behind it was still mostly euphoric, not disciplined. Disciple < Euphoria

2023-2025: A Welcome correction. Memes carried the cycle while DeFi, the part that was actually building, got ignored

2026-2028: This is the rebuild phase, and it looks nothing like the last one. Payment companies are launching reward tokens.

Platforms are launching perps, prediction markets, and tokenizing RWAs.

DEPIN is scaling around EV charging and solar energy.

AI compute providers may need tokens to coordinate resource allocation and validation for CLI distribution.

Tokens are becoming infrastructure before they become tradable assets; most importantly, everyone is trying to build for revenue and not just vibes.

And this cycle will also have its boom and doom, as is the nature of capitalist markets.

All thoughts welcome. Probably will drop a report on this soon!

[Ashish Homkar @HomkarAshish]

@Nyxar0x Yes ser!!

[Ashish Homkar @HomkarAshish]

Don't launch tokens.
Build a business, get users, get revenue and get paid.

It is that simple.