A newsletter on the entrepreneurs, projects and protocols that are putting control of power in the hands of the people.
The total market value of digital assets is now over $130B.
In this emerging asset class, there are a number of different tokens that have different reasons for existing. There are also many tokens that have no reason for existing. I addressed that this week: On Token Value
The vast majority of token-based projects that have launched in the last 6 months are not very decentralized. This piece by Balaji is a reminder about the importance of highly decentralized systems and suggests a way to start quantifying that importance.