Where is the best coffee within walking distance from the venue? Espresso with COLD MILK!!!
5
7
43
Why do we even have foundations in crypto? Do we really need them going forward? @milesjennings explains why we had them, and why we may not need them any longer.
8
15
84
"Governance" and "utility" aren't real token categories. What matters is their built in and inalienable (inherent) properties. You can't pray your token into being seen as a "store of value".
But you *can* create a decentralized network-marketplace with an integrated token that can be issued for incentives + capture f...
Tokens aren't cryptocurrency.
In this episode of web3 with a16z, @eddy, @skominers, @hackr, @milesjennings, break down what they really are.
Tune in: https://a16zcrypto.com/posts/podcast/token-guide-types-design-uses/
We move beyond conventional categories — like “governance tokens” or “utility tokens” or even “meme
2
4
20
Every network token should have an economic model, including the collection of fees that can be used for token buybacks.
This helps sustain the value of the token, which can be continuously issued to pay for the growth or operation of the network's marketplace (SOL, ETH, UNI are all examples).
3
17
Experimentation is good and we need more of it, particularly in apps in crypto. It's even better if experimentation benefits from what we've learned so far about tokens.
A big lesson I've learned is that a network or token's technical properties are its destiny, economically. Much of "vibe" comes from function.
2
1
21
Here's another version of the chart I like. Network tokens are great — it's the thing that excites me most about crypto. Arcade tokens are imo very underexplored ($FLY is a new, developing example).
3
9
44
The industry is mature enough that we can categorize tokens based on their legal, economic, and technical properties. It shouldn't be surprising that not all tokens have the same legal status or long term economic prospects!
Here's a useful way to categorize tokens -- from network tokens to memecoins, plus a handy flowchart to help figure things out.
Token definitions: https://a16zcrypto.com/posts/article/defining-tokens/
Company-backed vs. network tokens: https://a16zcrypto.com/posts/article/network-tokens-vs-company-backed-tokens/
by
9
24
104