THE UNFINISHED CHAPTER OF THE CYCLE COMMUNITY CAPITAL MARKETS WALL STREET IS STRUCTURALLY SHORT THE FUTURE THEY STILL PRICE NUMBERS AND CASH FLOWS BUT WE HAVE MOVED ON TO PRICING PEOPLE AND COMMUNITIES WALL STREET SEES BRANDS AS LINE ITEMS BUT IN REALITY THEY ARE LIVED HISTORY BULLIED BRANDS ARE THE HIDDEN RESERVES CUE THE SOUNDTRACK TOYS R US SEARS JC PENNEY BED BATH AND BEYOND HUNDREDS MORE THEY DID NOT DIE BECAUSE NOBODY CARED THEY DIED BECAUSE THE WRONG PEOPLE OWNED THEM AND LEVERAGE KILLED THEM IT WAS NOT LACK OF LOVE THE CUSTOMER WANTED TO SHOW UP THE COMMUNITY WANTED TO STAY BUT THE CAPITAL STRUCTURE WANTED THEM DEAD WHAT THE 4NBT IS GAMESTOP WHY WONT THE GAME STOP WHEN WILL THE GAME STOP WHAT IF THE GAME DOESNT STOP NOP Q RST UV XYZ SQUEEZE S Q UEEZE S Q UEEZE S Q UEEZE S Q UEEZE GAMESTOP IS THE GLITCH IN THE MATRIX EVERYONE THINKS ITS A JOKE UNTIL THE JOKE STARTS LIQUIDATING SHORTS ROARING KITTY PUT A SPOTLIGHT ON WHAT THE MARKET DID NOT WANT TO ADMIT WHEN COMMUNITY REFUSES TO SELL THE OLD MATH DOES NOT WORK IF YOU STILL THINK THIS IS ABOUT VIDEO GAMES YOU ARE WRONG THIS IS ABOUT INFRASTRUCTURE FOR BULLIED BRANDS AND COMMUNITY CAPITAL TURN REAL WORLD CASH FLOWS ROYALTIES REVENUE SHARES STORE CLUSTERS IP STREAMS INTO TOKENS A MARKETPLACE WHERE FANS BUY OWNERSHIP VOTES ARE NOT LIKE BUTTONS BUT CLAIMS ON THE FUTURE LAST YEAR QUEEN SOLD ENTIRE MUSIC CATALOG TO SONY FOR 1B+ BIGGEST RECORDED SALE EVER THE SIZE OF BUYER POOL FOR A RIGHTS TRANSACTION THIS LARGE IS VERY SMALL THIS IS THE PROBLEM RWA TOKENIZATION SOLVES CAPITALISM IS MOST EFFICIENT WHEN THE CUSTOMER IS THE OWNER GME IS THE RAIL YARD REDACTED IS THE HOLDING SHELL THE BRANDS ARE THE TRAINS THE COMMUNITY IS THE FUEL YOU ARE NOT SUPPOSED TO SEE IT THIS WAY YOU ARE SUPPOSED TO ARGUE ABOUT TICKERS AND FORGET THAT RAILS ARE BEING LAID RIGHT UNDER YOUR FEET ENTER YEEZY DURING THE ADIDAS ERA A MULTI BILLION DOLLAR ENGINE INSIDE A COMPANY THAT THOUGHT IT OWNED THE STORY BUT WHEN ADIDAS CUT TIES THEY CUT THEIR OWN STOCK GUIDANCE SHOOK BALANCE SHEET BLINKED ONE CONTRACT CANCELED ONE COMMUNITY BETRAYED AND A GLOBAL GIANT HIT HARD CALL THAT PROOF OF CONCEPT CREATOR PLUS COMMUNITY CAN REWRITE CORPORATE HISTORY IN A SINGLE QUARTER AND EVEN AFTER THE BREAKUP THE LEFTOVER SHOES DEAD INVENTORY STILL THREW OFF HUNDREDS OF MILLIONS IN REVENUE AND PROFIT THAT IS GHOST VALUE THAT IS RESIDUAL COMMUNITY ENERGY LEAKING THROUGH A BROKEN PIPE THE SYSTEM THREW YE OUT BUT IT COULD NOT EXORCISE YEEZY THAT GAP BETWEEN WHAT THE SPREADSHEETS SEE AND WHAT THE CROWD FEELS IS COMMUNITY CAPITAL NOW IMAGINE YEEZY NOT CHAINED TO A SINGLE CORPORATE HOST BUT PLUGGED INTO COMMUNITY RAILS NO MIDDLEMAN YOU DO NOT JUST WEAR YEEZY YOU OWN IT THIS IS WHERE GAMESTOP AS INFRA AND YEEZY AS A FLAGSHIP BRAND LOCK IN PUT THEM TOGETHER AND YOU GET A PIPELINE FOR EVERY BULLIED BRAND THAT WAS TOSSED ASIDE BY WALL STREET LEVERAGE BUT STILL LIVES IN THE HEARTS OF MILLIONS NOW SCALE THE MATH YEEZY CAN SUPPORT BILLIONS OF DOLLARS OF TOKENIZED CASH FLOWS WITHOUT EVEN TOUCHING THE REST OF THE EMPIRE TWENTY BULLIED BRANDS CAN STACK TENS OF BILLIONS OF RWAS ON COMMUNITY RAILS ONE HUNDRED BRANDS GLOBAL CROSS INDUSTRY CAN TURN INTO HUNDREDS OF BILLIONS AND THAT IS BEFORE THE REST OF THE TOKENIZED WORLD EVEN SHOWS UP THE BIG BANK REPORTS ARE ALREADY WHISPERING REAL WORLD ASSET TOKENIZATION INTO THE TRILLIONS IN THE NEXT DECADE THEY TALK ABOUT BONDS REAL ESTATE INVOICES THEY DO NOT TALK ABOUT YOU THEY DO NOT TALK ABOUT THIS A FANBASE IS A BALANCE SHEET A COMMUNITY IS A CAPITAL RESERVE A MEME CAN BE A MONETARY POLICY THEY CANNOT PRICE IT SO THEY PRETEND IT ISN’T THERE COMMUNITY CAPITAL MARKETS SAY WE SEE IT WE COUNT IT WE BUILD RAILS FOR IT TOKENS FOR CASH FLOWS TOKENS FOR RIGHTS TOKENS FOR ACCESS NOT AS CASINO CHIPS BUT RECEIPTS OF BELONGING WALL STREET CANNOT FRONT RUN A WORLD WHERE THE CUSTOMERS ARE THE OWNERS AND THE COMMUNITY IS THE UNDERWRITER AND THE MEME IS THE COLLATERAL THE OLD GAME WAS SIMPLE SELL TO THE CROWD DUMP ON THE CROWD BLAME THE CROWD THE NEW GAME IS DIFFERENT BUILD WITH THE CROWD SHARE WITH THE CROWD CHAMPION THE CROWD YOU SAW IT WITH GAMESTOP YOU FELT IT WITH YEEZY LEGACY RETAILS DIE WITH FULL PARKING LOTS AND EMPTY BALANCE SHEETS IT WAS NEVER ABOUT DEMAND IT HAS ALWAYS BEEN ABOUT WALL STREET WILLINGNESS TO SUBSIDIZE INFINITE LOSSES NOW THE PAPER IS CHANGING DIGITAL FRACTIONAL PROGRAMMABLE OWNED BY THE PEOPLE WHO ACTUALLY CARE GAMESTOP IS LAYING TRACK REDACTED IS DESIGNING THE VEHICLES YEEZY IS PROOF THE ENGINE WORKS BULLIED BRANDS ARE WAITING IN THE WINGS FOR THEIR TURN TO REJOIN THE MAIN LINE THIS IS NOT HYPE ANYMORE THIS IS A TRANSFER OF POWER FROM FUNDS TO FANS FROM PRIVATE EQUITY TO PUBLIC COMMUNITY FROM STRUCTURED PREDATION TO STRUCTURED PARTICIPATION GAMESTOP DOES NOT HAVE TO BE THE BIGGEST BRAND IT JUST HAS TO BE THE MOST TRUSTED RAIL YEEZY DOES NOT HAVE TO BE THE CLEANEST STORY IT JUST HAS TO BE THE MOST HONEST SIGNAL OF HOW MUCH VALUE A COMMUNITY CAN MOVE NO ONE IS COMING TO SAVE THESE BRANDS EXCEPT THE PEOPLE WHO LOVED THEM ALL ALONG THE INFRASTRUCTURE DID NOT EXIST BEFORE IT DOES NOW COMMUNITY CAPITAL MARKETS HOW RETAIL STOPS BEING EXIT LIQUIDITY AND START BECOMING THE CAP TABLE