Miles Jennings

In this discussion, guests Eddy Lazzarin, CTO at a16z crypto, Miles Jennings, General Counsel and Head of Policy, and Scott Kominers, a Harvard Business School professor, unveil a groundbreaking 7-part framework for categorizing tokens. They discuss the evolution of token terminology, exploring various types beyond traditional labels like governance or utility tokens. The conversation dives into how token value is derived from control systems versus independent networks and emphasizes blockchain's role in revolutionizing loyalty programs, enhancing consumer empowerment, and clarifying token dynamics in decentralized marketplaces.

Eddy Lazzarin, the CTO at a16z crypto, and Miles Jennings, the general counsel and decentralization head at a16z crypto, dive into the world of tokens. They discuss the unique role tokens play in decentralized protocols and the importance of design considerations. The duo highlights common pitfalls in achieving product-market fit and navigates the balance between legal compliance and innovation. With insights into incentive mechanisms, they emphasize the need for thoughtful token governance and address the complexities of navigating the cryptocurrency landscape.

Miles Jennings, General Counsel at a16z crypto, dives into the firm's innovative "can’t be evil" NFT licenses. He explains how these licenses tackle essential rights issues in the NFT space, offering clarity for creators and buyers. Jennings discusses the five key rights provided by these licenses and how they aim to curb hate speech concerns. He also outlines why past attempts at standardizing NFT licenses failed and shares optimism about the future success of these transformative measures.