Token Economy: Money, NFTs & DeFi
Sometimes, tokens function like equity in a company, and owning a token is akin to holding a stake in the project’s potential upside. Other times, tokens function like a “token-of-gratitude” and symbolize goodwill among close friends in the purest sense. The wide-ranging role isn’t a bug but a feature representing value in the most abstract sense, ... See more
Packy McCormick • Designing Token Economies
A token must work as a necessary element of a self-sustaining system which is a public utility.
Mike Goldin • Mike’s Cryptosystems Manifesto
The media keeps referring to cryptocurrencies, even when talking of non-currency tokens, while reducing the underlying blockchain networks to objects of speculation, instead of focusing on the fact that they provide - first and foremost - a promising governance infrastructure that could resolve many problems of the Internet we use today, such as: (... See more
Shermin Voshmgir • Token Economy
Should all three of these roles be represented by a single token? Which of them are a better match for fungible and non-fungible tokens?