Bootstrapping Web3 Networks: The Limitations of Token Incentives

-Tokens: With data monopolies non-existent, blockchains use network tokens as an incentive instrument that captures value for the open network.

Web3 changes the whole approach to bootstrapping new networks, since tokens offer an alternative to the traditional approach to the cold-start problem. Rather than spending funds on traditional marketing to entice and acquire potential customers, core developer teams can use tokens to bring in early users, who can then be rewarded for their early c... See more