Former Coinbase CTO Balaji Issues Token! Tokenization of Bestselling Book “The Network State” on Zora
Today (26th) early morning, Balaji Srinivasan, former Chief Technology Officer of Coinbase and a general partner at a16z, tokenized his bestseller “The Network State” on Zora. The token’s market value once reached 8.22 million USD, before returning to 1.8 million USD before publication. Meanwhile, Zora’s market value surged by 30%, pushing it to 3.64 billion USD.
Best Sellers Can Also Be Tokenized: Balaji’s Token Launch Drives Zora’s Price Increase
Zora is an asset launch platform on the Base chain, focusing on the concept that everything can be tokenized. A notable example is the previous tokenization by the Base chain’s official of the tagline “Base is for everyone” along with posters from the Base official event in Brooklyn.
(Base Chain’s Official Token Launch? “Base is for Everyone” Market Value Exceeds 20 Million USD)
On the early morning of the 26th Taiwan time, Balaji Srinivasan, former Chief Technology Officer of Coinbase and a general partner at a16z, tokenized his bestseller “The Network State” on Zora. It is worth mentioning that Balaji is also an investor in Zora. The token’s market value once peaked at 8.22 million USD, returning to 1.8 million USD before publication. Meanwhile, Zora’s market value skyrocketed by 30%, raising it to 3.64 billion USD.
Balaji’s Bestseller Explores the Concept of a Truly Networked Nation
The book “The Network State,” as its name suggests, describes a nation that exists in the digital realm without geographical constraints; it can be accessed through a computer. While platforms like Facebook, Bitcoin, and DAOs also connect individuals over the internet and even achieve governance functions, they differ fundamentally from the networked nation described by Balaji.
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