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. 👇

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

@a16zcrypto • Harvard/HBS • 🧩 • QED

First, we break down tokens into 7 categories, discussing their critical attributes, best use cases, and regulatory status:

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings

First, we break down tokens into 7 categories, discussing their critical attributes, best use cases, and regulatory status:

https://a16zcrypto.com/posts/article/defining-tokens/

Second, we compare network tokens to company-backed tokens:

🔹 Network tokens derive their value from systems that function absent human control.
🔹 Company-backed tokens derive their value from systems that can’t function absent human control.

Second, we compare network tokens to company-backed tokens:

🔹 Network tokens derive their value from systems that function absent human control.
🔹 Company-backed tokens derive their value from systems that can’t function absent human control.

https://a16zcrypto.com/posts/article/network-tokens-vs-company-backed-tokens/