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BEETHOVEN CAPITAL / PUBLIC RESEARCH

Research & Theses.

Independent inquiry into structural demand, bottlenecks and economic value capture. A place for the evidence, reasoning and questions behind a thesis.

ARTICLES

2 ARTICLES
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Research note

What the AO Counters Do Not Measure

A data-feasibility study on Arweave and AO, and why public activity metrics could not yet support a valuation.Read research
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Essay

The Duration of Token Demand

What 5,803 Boundless orders reveal about reusable collateralRead research