“For the past 10 years, blockchain technology gave birth to a sort of Cambrian explosion, stimulating minds around the world to create decentralized projects using this technology. Since the inception of Ethereum & the expansion of smart contracts, we’ve seen many projects built around a token, whether it’s a classic ERC-20 token or a NFT, and these projects came with their own token economics, often shortened to “tokenomics”. Tokenomics are economical systems which usually explain how the value is created, distributed and shared within a blockchain project. The expansion of these projects to spheres living beyond the realm of finance such as gaming, fashion or art, gave birth to our topic of the day: The recently over-popular “~ to earn” denomination and underlying economic model. We’ll try to see what is wrong with this terminology, and why it’s often overlooking a fundamental point in any sustainable economic system: value creation.”