Does Europe have a token economy?

Europe does not yet have a fully integrated token economy. However, plenty of active development and novel use cases are being explored across different member states. The European Commission is tasked with researching how tokenization will affect financial services and industrial transformation in Europe.

Are NFTs important for the token economy?

Non-fungible tokens could play a major role in the token economy because they can make CRM and customer engagement more dynamic for brands while giving creators more downstream benefits to their art. NFTs could also play a key role in web3 primitive identity standards.

Is there already a European lighthouse initiative?

To date, the sort of light house initiative that was imagined through the Tokenise Europe workstream is not yet operational. However, the European Commission has recently launched a new Blockchain Regulatory Sandbox, which is meant to support 60 innovative start-ups over the next three years in building blockchain projects.

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Erwin Voloder , Senior Policy Fellow at the European Blockchain Association

Erwin Voloder has been involved in the blockchain sector since 2017, first as a start-up founder in Canada and currently as a regulatory and technical expert in Europe. He is a former economist with both the European Commission and European Central Bank. Currently he is Senior Policy Fellow at the European Blockchain Association where he leads research and advocacy between the private sector and public policy makers. He participates in international working groups on tokenization and decentralized finance while also advising web3 companies and EU member state governments on blockchain policy and regulation.

Latest articles by Erwin Voloder , Senior Policy Fellow at the European Blockchain Association

A Token Economy for Europe: Considering the Opportunities

8 mins Mar 27, 2023 2 years ago