Network Tokens (BTC, ETH, SOL) vs. Company-Backed Tokens (FTT):
1️⃣ Is the system open?
2️⃣ Do network effects accrue to the system/token?
3️⃣ Can tokenholders accrue independent value?

If yes, then whether it's a L1, L2, DeFi or gaming token, it's likely a network token:

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings

For more, see:
https://a16zcrypto.com/posts/article/network-tokens-vs-company-backed-tokens/

Founder and Artist @carculture.eth and carmania.eth 
Curating and celebrating the Art of the Automobile on the /car channel

Park your car art here 👉 /car

Thank you to everyone who has been involved in the research and writing you have done on tokens, definitions, and guidelines or recommend recommendations by the SEC.

I find them extremely valuable.

We’re exploring pay per api call models that reward tokens to open source protocol or ecosystem builders. Then use those as staking tokens so the network is more definitively builder owned. Feels like the ultimate network token.

Also what is the most successful DUNA you’ve seen so far?

My research has revealed much more literature than execution. I really want to position our project Pakt.world as one of the first and put American Dynamism onchain, but there doesn’t seem to be much of a template.