Uploaded November 2025 | Updated September 2026, 2 weeks ago

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The phase of listing DATs without clear business model is ending, says Chris Miglinion.

Next-gen DATs will be real operating companies, filing directly to Nasdaq with clean cap tables, token-aligned boards, and actual revenue.

The alpha in the “fast listing trade” is getting squeezed. The professionalization phase is coming.

Watch the full video at https://x.com/DefiantNews

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