Tokens aren't cryptocurrency.

In this episode of web3 with a16z, @eddy, @skominers, @hackr, @milesjennings, break down what they really are.

Tune in: https://a16zcrypto.com/posts/podcast/token-guide-types-design-uses/

We move beyond conventional categories — like “governance tokens” or “utility tokens” or even “memecoins” — to present a full taxonomy of what tokens are, what they aren’t, and what they’re capable of becoming.

Questions we explore: 

What is a token? Is it a form of money? A piece of data? Something else? 

How many types of tokens are there — and who is in control of each? 

And how should we think about their actual economic, legal, and technical characteristics? 

We also dig into different token designs and their uses; where tokens derive value from; how they jibe with securities law; and much more.

Simply defining tokens based on what they do leads to constantly shifting and recycled narratives. 

Defining tokens in terms of both what they do and don't do enables greater clarity.👇

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings

creating 
metal.build
 | the easiest way to tokenize an app 

++++
writing | https://paragraph.xyz/@slow-tokens