Multi-utility tokens to enable Web 3.0 by providing more than financial value

Cointelegraph

Published Dec 02, 2020 01:00PM ET

Updated Dec 02, 2020 02:40PM ET

Cryptocurrencies are commonly known for being a store of value, but as the blockchain space continues to mature, utility tokens are being created that extend their benefits beyond mere financial gains.

Scott Gralnick, director of global partnerships for ShapeShift — a Swiss cryptocurrency exchange — told Cointelegraph that cryptocurrency can help launch Web 3.0 as more utility tokens are designed to provide functions beyond market value:

h3 Multi-utility tokens designed to drive Web 3.0/h3 h3 DeFi will drive multi-utility tokens, but what about Web 3.0?/h3

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