Eddy Lazzarin 🟠

@eddy

307 Following

83328 Followers

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Eddy Lazzarin 🟠

Experimentation is good and we need more of it, particularly in apps in crypto. It's even better if experimentation benefits from what we've learned so far about tokens. A big lesson I've learned is that a network or token's technical properties are its destiny, economically. Much of "vibe" comes from function.

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Eddy Lazzarin 🟠

"It's a governance token." Thank you — I have learned nothing.

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Eddy Lazzarin 🟠

Snapchain is SICK! https://www.youtube.com/playlist?list=PL0eq1PLf6eUete1EtUvh7NTIhYCNcR46l

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Jason Rosenthal

1/ I’m excited to announce the cohort for our fourth Crypto Startup Accelerator program (CSX 04), starting this week in San Francisco. CSX helps early-stage startups building on blockchain technologies to accelerate development and product-market fit. It is an intensive program that provides the expertise, mentorship, and support that startups need to build ambitious products across industries. Over the next two months, the founders of these companies will get firsthand guidance and support from a16z crypto’s investing and operating teams. We connect founders with capital, industry experts across the a16z network, and a cohort of leading web3 teams. a16z CSX also invests a minimum of $500,000 in each company that’s accepted. The founders in CSX 04 are coming to San Francisco from countries around the world: Canada, France, Germany, South Korea, United Arab Emirates, and across the US.

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Eddy Lazzarin 🟠

How do you think /crypto should work?

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caspar pfp

RIG is hiring an exceptional Protocol Architecture Researcher! (link to job description in next tweet) RIG is working on solving some of the most important open challenges for Ethereum: ensuring long-term economic robustness & scaling Ethereum. If you are excited and deeply care about these problems, join and work with us at the frontier of Ethereum research. You will join a small, impactful team where you can very quickly help shape the future of Ethereum, working with some of the most brilliant people.

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Eddy Lazzarin 🟠

I’m not a lawyer but decentralizing it — so it’s not company-backed — seems like the only way.

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https://warpcast.com/a16zcrypto/0xf54a2d88

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Eddy Lazzarin 🟠

I'm not a lawyer, but a token can change categories if the facts change.

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What’s the difference between ETH, FTT, USDC, TRUMP and $APPL? And how do those differ from airline miles or a CryptoPunk? Why does it even matter? Today, @eddy, @skominers, and I published two articles classifying tokens based on their source of value. 👇

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Eddy Lazzarin 🟠

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Eddy Lazzarin 🟠

In that case, if the value is coming from a company-controlled system, sounds like a Company-backed Token.

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Eddy Lazzarin 🟠

It's possible for something to call itself a memecoin but for that to be a thin veneer over being a Company-backed token. Brand is really important but I think of network design as the Big One

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Eddy Lazzarin 🟠

Here's another version of the chart I like. Network tokens are great — it's the thing that excites me most about crypto. Arcade tokens are imo very underexplored ($FLY is a new, developing example).

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Eddy Lazzarin 🟠

I will fix this up!

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Eddy Lazzarin 🟠

Yeah this would be a memecoin masquerading as an Asset-backed token. Which is, at best, not a great user experience.

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Eddy Lazzarin 🟠

I don't think simply calling it a memecoin makes it one, but there are definitely ways that specific token categorizations could be expressed onchain. This essentially already exists with tokens that you need KYC to buy or sell.

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Eddy Lazzarin 🟠

There are nuances but I don't think it's that esoteric. And there are a bunch of tokens that are memecoins — and a bunch of tokens that call themselves memecoins that are definitely Company-backed!

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Eddy Lazzarin 🟠

I gotta clean this thing up!

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Eddy Lazzarin 🟠

The industry is mature enough that we can categorize tokens based on their legal, economic, and technical properties. It shouldn't be surprising that not all tokens have the same legal status or long term economic prospects! https://a16zcrypto.com/posts/article/defining-tokens/

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