Ito (2024) “Cryptoeconomics and Tokenomics as Economics: A Survey with Opinions”

Abstract: This paper surveys products and studies on cryptoeconomics and tokenomics from an economic perspective, as these terms are still (i) ill-defined and (ii) disconnected from economic disciplines. We first suggest that they can be novel when integrated; we then conduct a literature review and case study following consensus-building for decentralization and token value for autonomy. Integration requires simultaneous consideration of strategic behavior, spamming, Sybil attacks, free-riding, marginal cost, marginal utility and stabilizers. This survey is the first systematization of knowledge on cryptoeconomics and tokenomics, aiming to bridge the contexts of economics and blockchain.

Published in ICBC 2024, SoK session.

Full Texts

Ito (2023) “Be More Conceptual Regarding Non-Fungible Tokens (NFTs) as Art”

Abstract: This statement presents the author’s proposition—“Let’s be more conceptual!”—in response to the attempt to interpret Non-Fungible Tokens (NFTs) as contemporary art. In the context of NFTs, this opinion has the significance of finding artistry in the underlying decentralized autonomous consensus-building, and in the context of contemporary art, it has the significance of leading to the revival of early conceptual art. The second half of this statement covers the novelty and feasibility of this opinion, referring to precedents in art and engineering.

Leonardo 56 (3), pp. 290-291