# 214 - L2 Tokens: Bullish or Bearish? with Sassal, Jordi, & Ippolito

*Author: Ryan Sean Adams, David Hoffman*
*Published: Mar 14, 2024*
*Source: https://www.bankless.com/early-access-l2-tokens*

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Are Layer2 Tokens bullish or are they just worthless governance tokens?

We’ve brought a team of expert panelists to help us answer that exact question.

Mike Ippolito, Jordi Alexander and Anthony Sassano explore Layer2 business models, where value is accrued and how to capture that upside.

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## TIMESTAMPS
0:00 Intro

5:05 L2 Value Capture

10:41 Short-Term vs Long-Term

14:45 L2 Business Model

25:39 Worthless Governance Tokens?

39:19 Immutable & Base

47:58 Vertically-Integrated Chains

59:42 Do L2s Need Tokens?

1:09:56 L2 Experimentation

1:27:02 Capturing L2 Upside

1:33:01 Closing & Disclaimers

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## RESOURCES
L2Beat

https://l2beat.com/scaling/summary 

ETH in 2024

https://www.youtube.com/watch?v=0rPF8zNnfnE 

Anthony Sassano

https://twitter.com/sassal0x 

Mike Ippolito 

https://twitter.com/MikeIppolito_ 

Jordi Alexander

https://twitter.com/gametheorizing