How can we understand and classify value creation in the web3.0 economy?
Vasily Sumanovahitchhikers.substack.com
Saved by Jason Badeaux
How can we understand and classify value creation in the web3.0 economy?
In a cryptonetwork, token holders would also be unwilling to supply capital at a loss indefinitely if the token’s only value is derived from its ability to generate profits in the future. However, this gets into the unique properties and value capture mechanisms of crypto – tokens may have value capture outside of their ability to produce income.
Jon Charbonneau • L1 & L2 Token Value Capture - DBA
Purpose-driven tokens provide an alternative to conventional economic systems, which predominantly incentivize individual value creation: private actors to extract rent from nature or from the workforce, and transform this into products, often externalizing costs to society, while internalizing (and maximizing) private profits.