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/

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).

CTO @a16zcrypto, lover of https://github.com/a16z/awesome-farcaster