book hack

Token Economy

Shermin Voshmgir

5 mins

3 key insights

Visual, audio & text

Learn how cryptographic tokens could transform how the internet works, and in doing so revamp society's power structures.


Token Economy

Token Economy

by Shermin Voshmgir


The internet is evolving. In the 1990s, Web1 brought us the first web browsers with static web pages and limited interactivity. Web2, our current internet, created a revolution in peer-to-peer interactions, letting us entertain, communicate, and transact with each other in myriad new ways. But Web2 is dominated by middlemen like Facebook, Amazon, Apple, and Google, that facilitate but also manage our interactions. Web3 could revolutionize the internet's backend infrastructure by abolishing centralized middlemen from online interactions.

Shermin Voshmgir is the former director of the Research Institute for Cryptoeconomics at the Vienna University of Economics, and founded the Berlin-based information resource BlockchainHub. In Token Economy, Voshmgir provides a detailed and comprehensive introduction to Web3 and token technology at its core. The book dives deep into blockchain technology, smart contracts, and Web3's economics and use cases.

Favorite quote

The Internet we have today is broken … Every time we interact over the Internet, copies of our data get sent to the server of a service provider, and every time that happens, we lose control over our data.

- Shermin Voshmgir

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