Arcade tokens are a ‘critical building block’ in crypto’s evolution: a16z
Venture capital firm a16z argues ecosystem-locked tokens, akin to airline miles, could be key for builders to create stable, spendable digital economies without the noise of speculation.
More crypto projects should consider using a blockchain-based equivalent to airline miles to grow their user base and power their economies, according to executives from venture capital firm a16z.
In a report published on Thursday, a16z stated that one of crypto’s most underappreciated token types is called “arcade tokens.”
These tokens maintain a relatively stable value within a specific software or product ecosystem, similar to airline miles rewards, credit card points or in-game currencies. They enable users to perform specific functions within that ecosystem, rather than being held for speculation.
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