Token Kitchen

If you have been following me and my work, you will very likely be interested in TokenEngineering Academy. Read more about their origins, current, past and future activities - in particular their #StudySason, #FellowshipProgram, #ProofOfKnowledge, their #ETHCCtrack and #TokenEngineeringReads: Angela Kreitenweis Kaidlyne Neukam https://lnkd.in/dyMsP3FF Token Economy Series Token Kitchen

Bitcoins #ProofOfWork introduced a mechanism for anonymous network actors to collectively maintain a public payment infrastructure in the absence of trusted intermediaries coordinating and mediating individual action — all this by rewarding network participants with newly minted network tokens upon “Proof-of-Work.” # Aligning incentives among a community of anonymous Internet actors in a collusion- and attack-resistant manner introduced a new form of coordination mechanism over the Internet and sparked a new field of science around economic coordination games using cryptographic tools. It represents a new form of capital-driven "commOnism" # It showed how a reward mechanism that is tied to a network-native token can steer the actions of anonymous Internet users to collectively pursue a common purpose, which is why I refer to these tokens as “purpose-driven.” # The open-source nature of the Bitcoin protocol allowed anyone to take the code, copy and modify it, and issue their own purpose-driven network. # With “purpose,” I refer to a greater goal beyond maximizing personal profit. This might be a public good, such as a P2P payment network like “Bitcoin”, a P2P social network like “Steemit,” a P2P stable token like “DAI,” a P2P telecommunication network like “Helium,” or a P2P data market such as “Ocean.” The collective goal could also be the reduction of negative externalities on a public or common good — such as the reduction of CO2 emissions via CO2-tokens, or biodiversity tokens as conceptualized by “Rebalance Earth.” # Purpose-driven tokens provide an alternative value creation mechanism that fundamentally differs from conventional economic systems, which predominantly incentivize individual value creation to create private goods. Web3 networks and the purpose-driven tokens that steer them — transcend traditional political and economic philosophies such as “capitalism” versus “communism” — philosophies that stem from a pre-Internet era, when industrialization and privately owned companies and corporations were on the rise, liberal democracies were still nascent institutions, and secular governments had just transitioned out of feudal and religiously tainted governance systems. # Purpose-driven tokens often represent some form of internal currency of a network/ community/ distributed Internet tribe. They are issued according to the rules defined in the computational protocol of the decentralized organization and have created the need for a new areas of research and development, generally referred to as cryptoeconomics/ token economic/ cryptogovernance/ token engineering. Token Economy Series Token Kitchen

Read and learn. Again. ;) Shermin Voshmgir CUSTOWNER® —>Purpose-driven tokens

As BlackRock enters the asset tokenization race with a new fund on the Ethereum Network I would like to draw the attention to the importance and magnitude of tokenizing real-world assets: # Tokenization of assets refers to the process of creating a Web3-native digital certificate for any physical object, financial asset or digital file. The tokens represent the physical or digital counterpart and are collectively managed by a public blockchain infrastructure or similar distributed ledger. # Any physical good or share in a small- or medium-sized company can be tokenized and subsequently divided into representative tokens, which could be traded on an open market — all this at a fraction of what it would cost in the client-server world and with much more public accountability than was previously possible. # The tokenization of RWA can replace entire back offices of asset management with smart contracts, which can make asset management more efficient and simplify the implementation of fractional ownership. # This is likely to create completely new market dynamics and redefine our concept of what constitutes money, finance or the real economy. # Tools that represent various types of assets today, such as other digital certificates or paper certificates, are likely to be substituted by Web3 tokens over the next decade. First use cases are already emerging. Selected examples will be analyzed in more detail in below post. While the tokenization of real-world assets could lead to an additional market capitalization of trillions of Euros into Web3, it needs a few prerequisites such as # A well-defined regulatory environment for the respective asset token classes # Online exchanges specialized in the relevant asset tokens # Trusted custodians who manage the physical assets in the case of co-ownership of RWA. Examples of asset tokens in general and RWA in particular # Security Tokens # Real Estate NFTs & fractional ownership tokens # Art NFTs # Tokenization of collective ownership & micro-investments # Energy Tokens # Data Tokens # Attention Tokens # CO2 Tokens Read more here: