Tokenization Is Eating the World
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 Tom Tunguz Tom Tunguz
Posted Jun 16, 2022 3 min read
Tokenization Is Eating the World

The world is becoming increasingly tokenized. Similar to how Marc Andreessen described the way in which software was eating the world in 2011, tokenization has led to the emergence of a whole new industry and era of technology and entrepreneurship known as web3.

Despite the headlines and market conditions today in June of 2022, the web3 ecosystem has seen unprecedented growth over the last 13 years, growing at a 270% CAGR.

Over the past two years, we have seen a 220x growth in the NFT market alone.

This growth has brought enormous opportunity, creativity, and innovation over the past 12–18 months, while also catapulting NFTs into the mainstream media and pop culture.

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