Eddy Lazzarin ๐ŸŸ  pfp

Eddy Lazzarin ๐ŸŸ 

@eddy

307 Following
83328 Followers


Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
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 ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
"It's a governance token." Thank you โ€” I have learned nothing.
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Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
Snapchain is SICK! https://www.youtube.com/playlist?list=PL0eq1PLf6eUete1EtUvh7NTIhYCNcR46l
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Jason Rosenthal  pfp
Jason Rosenthal
@jasonr
1/ Iโ€™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 cryptoโ€™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 thatโ€™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 ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
How do you think /crypto should work?
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caspar pfp
caspar
@caspar
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 ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
Iโ€™m not a lawyer but decentralizing it โ€” so itโ€™s not company-backed โ€” seems like the only way.
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Miles Jennings pfp
Miles Jennings
@milesjennings
https://warpcast.com/a16zcrypto/0xf54a2d88
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Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
I'm not a lawyer, but a token can change categories if the facts change.
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Miles Jennings pfp
Miles Jennings
@milesjennings
Whatโ€™s the difference between ETH, FTT, USDC, TRUMP and $APPL? And how do those differ from airline miles or a CryptoPunk? Why does it even matter? Today, @eddy, @skominers, and I published two articles classifying tokens based on their source of value. ๐Ÿ‘‡
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Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
Same here
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Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
In that case, if the value is coming from a company-controlled system, sounds like a Company-backed Token.
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Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
It's possible for something to call itself a memecoin but for that to be a thin veneer over being a Company-backed token. Brand is really important but I think of network design as the Big One
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Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
Here's another version of the chart I like. Network tokens are great โ€” it's the thing that excites me most about crypto. Arcade tokens are imo very underexplored ($FLY is a new, developing example).
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Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
I will fix this up!
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Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
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 ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
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 ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
There are nuances but I don't think it's that esoteric. And there are a bunch of tokens that are memecoins โ€” and a bunch of tokens that call themselves memecoins that are definitely Company-backed!
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Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
I gotta clean this thing up!
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Eddy Lazzarin ๐ŸŸ  pfp
Eddy Lazzarin ๐ŸŸ 
@eddy
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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