A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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© 2020 Relevant Protocols Inc.
A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
53211 Members
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© 2020 Relevant Protocols Inc.
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“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.”
“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.”
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