Token Economy: Money, NFTs & DeFi

The most important takehome is that tokens are not equity, but are more similar to paid API keys. Nevertheless, they may represent a >1000X improvement in the time-to-liquidity and a >100X improvement in the size of the buyer base relative to traditional means for US technology financing — like a Kickstarter on steroids. This in turn opens up... See more

In the Web3, values are represented by cryptographically secured tokens.

Networks like Dimo and Brainstrust allow owners to capture value from their contribution to the network’s marketplace. This is ownership satisfying a need for financial security via economic alignment.

At inception, tokens are neither digital stores of value, nor equities—they are simply promises that attract an audience.