Aiming to Capture More Value Through Token Power Network Effects

In theory, web three will create more value by making it easier for applications to build on top of open protocols and data bases. But not so fast in the classic protocols as minimamly extracted co ordinators. If a protocol's fees are too high, if it moves from a tract to extract, developers will leave and bring their users with them. Proticles need to do many of the same things that companies do, but they also face additional challenges in coordinating de centralized groups of user owner, contributors and voters. They have an ace ot their sleeves, tokens, that give them potential advantages in both coordinating economic activity and capturing value,. often alongside their builders and users.