Cardano founder: The next generation of crypto projects needs to build more collaborative token economics and market structures

Mars Finance News: Cardano founder Charles Hoskinson stated that the next generation of cryptocurrency projects needs to adopt a more collaborative strategy to counter large centralized tech companies advancing into the Web3 domain. He pointed out that the cryptocurrency and DeFi sectors are often limited by a "circular economy," where the rise of one cryptocurrency typically comes at the expense of capital outflows from another token, hindering the industry's overall growth. To effectively respond to the competition from centralized tech giants in the Web3 space, cryptocurrency projects need to build more collaborative token economics and market structures. Hoskinson said that the current token economics and market structures in the cryptocurrency field are antagonistic and need to shift towards cooperative balance. Existing projects often sacrifice others for their development, which is detrimental to industry progress and makes it difficult to withstand future entry by giants like Apple and Google. He predicts that the U.S. Market Structure Bill may pass before September, at which point major players will flood in, and the cryptocurrency sector must build infrastructure to respond. To this end, Cardano is developing the multi-resource consensus protocol Minotaur to unify block reward payments. (Cointelegraph)