Eddy Lazzarin 🟠

@eddy

308 Following

83572 Followers

Eddy Lazzarin 🟠 pfp

Eddy Lazzarin 🟠

ETH is that but another way to put it is that's a decentralized network-marketplace (DNM) for blockspace. Any time there's a DMN, there's an opportunity for a token. It's possible for the protocol to change over time. ETH has, and ETH's economic loop was only closed years after launch with EIP-1559 (via the burn).

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Daren Matsuoka pfp

Given the rich design space for tokens, I've long wanted an elegant taxonomy for categorizing them. @eddy, @milesjennings, and @skominers have finally done it... evaluating tokens across their technical, legal, and economic dimensions.

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Eddy Lazzarin 🟠

ETH, right? I don’t think the token needs to launch first, though. Either order can work but I believe token a bit later is ideal if possible.

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Eddy Lazzarin 🟠

"Governance" and "utility" aren't real token categories. What matters is their built in and inalienable (inherent) properties. You can't pray your token into being seen as a "store of value". But you *can* create a decentralized network-marketplace with an integrated token that can be issued for incentives + capture fees for programmatic buybacks. This is a network token.

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Eddy Lazzarin 🟠

The thing in common here isn’t “scarcity” per se but that each of these are decentralized network-marketplaces and on the right you are listing the goods they are selling. All network tokens are integral to a (decentralized) network (marketplace).

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Eddy Lazzarin 🟠

No dividends — buybacks that burn tokens. And they don’t need to be turned on to start.

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Eddy Lazzarin 🟠

Every network token should have an economic model, including the collection of fees that can be used for token buybacks. This helps sustain the value of the token, which can be continuously issued to pay for the growth or operation of the network's marketplace (SOL, ETH, UNI are all examples).

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New and improved Helios demo showing off Helios running on four separate networks all in the browser. https://helios.a16zcrypto.com/demo

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Eddy Lazzarin 🟠

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Eddy Lazzarin 🟠

They’re different! /crypto is less price based, more analytical and critical /brypto is brypto

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Eddy Lazzarin 🟠

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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 pfp

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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Miles Jennings pfp

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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