Skin in the game is a foundational concept in the context of crypto networks. Stakeholders have skin in the game through owning tokens of monetary value, and are as a result financially incentivised to collectively work for a network. Its a powerful concept and a means to ensure risk symmetry,
Read moreThe ICO market in 2017 saw approximately $5.6 billion raised in capital, as small teams of developers had immediate access to a global pool of capital and were able to finance their software startups with relative ease. As more and more scams were able to raise unprecedented troves of
Read moreThe emergence of firms such as Uber and Airbnb showed that true value is in a network of users rather than in the value of physical assets. However, the majority of value creation in centralized networks is accrued by middlemen rather than distributed to the entire network. A structural flaw
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