Validator Tickets give you permissionless access to Ethereum blockspace with 2 ETH. But blockspace is becoming more valuable, not less. Today: PoS rewards + MEV Near-term: + preconf fees + L2 sequencing fees from UniFi appchains. Long-term: + institutional order flow + AI agent commerce. VT price reflects expected daily validator revenue. As blockspace value grows, VT value grows with it. 2 ETH today. Compounding exposure to Ethereum's future. 🐡

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