Discover and read the best of Twitter Threads about #NVTVratio
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Welcome to Long Reads Sunday #57 - aka the “holy $%#! there’s nothing about Libra” edition!
Seriously, no Libra, Not a single Tweet. Instead, we’ve got sanctions, SEC action, new metrics, paradigm shifts, and a lil Suntroversy.
Strap in, friends, it's long reads time!
Seriously, no Libra, Not a single Tweet. Instead, we’ve got sanctions, SEC action, new metrics, paradigm shifts, and a lil Suntroversy.
Strap in, friends, it's long reads time!
2/ Let’s start w something cool. The SEC issued a No Action letter for Pocketful of Quarters in-game currency ERC-20. @msantoriESQ gives the background & argues that, although a small step, is impressive in the context of extremely slow moving regulators.
3/ There was actually a fair bit about crypto gaming this week. @fredwilson wrote about @CHZWZRDS & the idea of “extensible games” - that true ownership of digital items opens possibilities to expand games outside of their initial worlds. avc.com/2019/07/extens…
New metric from the @placeholdervc team to assess relative valuations of smart contract platforms:
Network Value to Token Value (#NVTVratio).
Network Value to Token Value (#NVTVratio).
@placeholdervc 2/ The #NVTVratio divides the network value of a smart contract platform by the total value of all assets launched on that platform.
For example, #Ethereum currently trades at ~2x the value of all the assets on its platform, whereas #EOS trades at 234x.
For example, #Ethereum currently trades at ~2x the value of all the assets on its platform, whereas #EOS trades at 234x.
@placeholdervc 3/ A hope here is the #NVTVratio can help us get around faked transaction volumes and other forms of manipulation that have thus far made the #NVTratio less useful for smart contract platforms.
