In this episode featuring Joel Monegro, you’ll learn:
- How economic value for decentralized blockchain-based networks tends to be distributed to protocols rather than applications
- Why shared data, such as user data, in decentralized systems, leads to value creation at the protocol level
- Why crypto tokens are an essential incentives layer in blockchain networks
- How tokens lead to a feedback loop incentivizing investment, development, entrepreneurship, and healthy speculation
2016 Great Listen Nominee 👑
About The Author
Joel Monegro is a co-founder at Placeholder Capital, a cryptocurrency investment fund. Prior to Placeholder Capital, Monegro was an analyst on the investment team at Union Square Ventures, a venture capital firm that has invested in Polychain Capital, MetaStable Capital, Coinbase, and Numerai amongst others.