无币区块链？Tempo的50亿美元估值揭示了另一种成功范式

[{"type":"paragraph","children":[{"text":"估值高达50亿美元的Tempo区块链，做出了一个反加密常态的决定：不发行原生代币。这迫使市场重新思考，一条区块链的核心价值究竟该如何衡量。"}]},{"type":"paragraph","children":[{"text":"“无币”设计的逻辑与影响：","bold":true}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"消除波动性担忧：","bold":true},{"text":"让企业用户完全摆脱对波动性加密资产（如ETH）的依赖，所有成本以稳定币计价，是吸引主流采用的关键一步。"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"专注实用价值","bold":true},{"text":"：所有估值和投资逻辑都建立在网络处理支付的规模、效率和产生的真实收入上，而非代币投机。"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"新的估值模型：","bold":true},{"text":"其50亿美元估值，完全由传统顶级风投（如Thrive Capital、Greenoaks）基于其潜在市场份额和传统财务模型给出，与加密世界的估值体系截然不同。"}]}]}]},{"type":"paragraph","children":[{"text":"深远意义：","bold":true},{"text":"Tempo如果成功，将证明一条区块链可以不依靠“代币激励”和零售投机，仅靠解决大规模的商业支付需求就能取得巨大成功。这会成为行业的新范式吗？"}]},{"type":"paragraph","children":[{"text":"关于其商业模式与融资","bold":true},{"text":"："},{"type":"link","url":"https://blog.ju.com/zh-hans/tempo-blockchain-stripe-payments/?utm_source=blog","children":[{"text":"https://blog.ju.com/zh-hans/tempo-blockchain-stripe-payments/?utm_source=blog"}]},{"text":""},{"type":"link","url":"https://blog.ju.com/tempo-blockchain-stripe-payments/","children":[{"text":"\n"}]},{"text":""},{"type":"topic","character":"商业模式","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"估值","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"投资","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"创新","children":[{"text":""}]},{"text":" "}]},{"type":"paragraph","children":[{"text":"\n"}]}]