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"
The Control - Issue #19
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"