Blockchain-based token ecosystems were explained in Chap. 2 as representing a new paradigm for organizing all factors of production that are relevant in the digital age. In principle, they are multi-sided Agent-to-Agent (“A2A”) marketplaces, where tokens play at least the roles of media of exchange and stores of value. The present chapter has two immediate objectives: first, to demonstrate how these ecosystems create economic value for their participants, above and beyond what is feasible in non-blockchain ones; and, second, to explain the role of tokens in facilitating and ultimately capturing this added value.

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Economic Value Creation in Token Ecosystems

  • Ioannis Giannakouros

摘要

Blockchain-based token ecosystems were explained in Chap. 2 as representing a new paradigm for organizing all factors of production that are relevant in the digital age. In principle, they are multi-sided Agent-to-Agent (“A2A”) marketplaces, where tokens play at least the roles of media of exchange and stores of value. The present chapter has two immediate objectives: first, to demonstrate how these ecosystems create economic value for their participants, above and beyond what is feasible in non-blockchain ones; and, second, to explain the role of tokens in facilitating and ultimately capturing this added value.