Fat Protocols | Union Square Ventures

Asset tokenization is a big deal, as are protocol tokens. Of course, there are a many problems we have to figure out before we can get there (both technical and regulatory), so we’re likely several years away before these fully bear fruit. But if enough builders align to push them forward, these two forms of tokenization will lead to massive value ... See more

For example, we value traditional companies based on assets and cash flows. Companies with more capital – or expected ability to absorb more capital in the future – are ideally valued more highly than others.That isn’t the case for every organization. Jacob Horne argues in his essay on “Hyperstructures” that crypto protocols built with certain trai... See more