The Control - Issue #19
The Control - Issue #19
The total market value of blockchain-based tokens is now ~$45B, up from $18.2B on January 1, 2017. Interestingly, the Bitcoin market value as a percentage of total market value has dropped from 87.9% on January 1st to 56.5% today. That shift is being led by Ethereum, which has seen its market value soar from $720M to $8.5B this year.
The token economy is taking shape but it's still early days. Best practices have not yet emerged in terms of how decentralized autonomous organizations form and govern themselves and how tokens get distributed to users, and there's a lot of learning to be done. I wrote a bit about recent trends in token sales this week: "Token, tokens, and more tokens"
Required reading this week
Want to deflate the token bubble? Fix the market cap indicator — blog.sia.tech
Zach Herbert and David Vorick on the misleading nature of many of the market caps you see on Coinmarketcap.com.
0x is Laying the Foundation for the Token Economy — medium.com
Ethereum middleware like 0x is essential for decentralized applications to be usable by the masses. Will Warren will be speaking about it at Token Summit.
Former Coinbase engineer Antonio Juliano is building a search engine for the decentralized web, a useful service that I recommend checking out!
The dApp Developer Stack: The Blockchain Industry Barometer — medium.com
A view on the infrastructure and middleware stack that's starting to form for decentralized applications to be built on top of.
Tezos plans token sale on May 22nd
Tim Draper participating has gotten media attention, but the real story here is the project itself and the controversial "uncapped" token sale that they are pursuing. Arthur Breitman will be at speaking about it at Token Summit 3 days after the sale begins.