i would argue what blockchain has given us today with permissionless open finance, decentralized organizations / voting, NFTs / digital art, etc. is plenty of early indications of value. also the fact that the token business model exists is precisely the reason there's less of a traditional "ARR" mindset in the tools and apps.
the criticism isn't entirely invalid: the blockchain space has a lot of proving to do – there's a lot more work ahead than behind
the criticism isn't entirely invalid: the blockchain space has a lot of proving to do – there's a lot more work ahead than behind