Crypto Tokens

Web3 will be defined by “token effects” and not traditional network effects. What does that mean? Token-based projects have a better shot at building powerful and useful networks that are user-owned and operated. (visualized brilliantly by @LeConcurrential)

Staking is a common element in crypto token designs. But staking in the classic sense originated with securing Proof-of-Stake blockchains, not embedding token features in apps that run on top of them. So what’s changed, and what new design opportunities could this open?