A16z’s Sees Arcade Tokens As Key To Crypto Evolution

More crypto projects should consider using a blockchain-based equivalent to airline miles to grow their user base and power their economies, according to executives from venture capital firm a16z.

In a report published on Thursday, a16z stated that one of crypto’s most underappreciated token types is called “arcade tokens.”

These tokens maintain a relatively stable value within a specific software or product ecosystem, similar to airline miles rewards, credit card points or in-game currencies. They enable users to perform specific functions…