Satoshi’s Bitcoin whitepaper married an elegant incentive mechanism with a powerful solution to the double-spend problem. Since the rise of Bitcoin as a robust cryptoeconomic system, aligned incentives have been the holy grail for chains, decentralized applications, and web3-based communities.

“Show me the incentive and I will show you the outcome.” -Charlie Munger

But incentives are bound to fail if they cannot hold value and mindshare. Bitcoin and Ethereum as predecessors to other cryptoeconomic networks show a survivorship bias that suggests cryptoeconomic projects can succeed as long as they capture enough activity. Attention over time matters most in these systems, and there is certainly a pathway to success using these tools.

However, the Last Network presents another path to long-term incentive adoption that’s more than simply attention-based. Last can create real value by providing desired services to adjacent networks and protocols. For example, users can help secure Ethereum by staking ETH, then bringing the liquid-staked ETH to Last for additional financial opportunities. The user is compensated by the Ethereum network for their contribution, and Last redirects a portion of the revenue to growing its own ecosystem, adding value to the user’s staked ETH.

With real revenue from known sources, Last and its growing network of builders and participants can build a system that isn’t constantly dependent on the next media hype cycle. The industry and community can then mature, making projections, predictions, and sophisticated models to understand revenue and incentives. When the risks are known, we can far more easily determine how businesses and tokenized economic engines will find their revenue through any market cycle.

This model is not dependent on attention, hype, and constant influx of new money from new users. There are vast sources of revenue across liquid-staked assets, stablecoin baskets, RWAs, and more. Last supercharges revenue by adding all the other sources of cashflow back into the reinvestment model, into incentives for users and builders.

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Build to Last

Last is a declaration that there is a silent supermajority of crypto users and builders desperate for a community and platform to create real value with real revenue. So many builders joined this industry to build a better future that they can be proud of, that is honest, transparent, and fair, and yet many are turning away because it is hard to see this promise through the barrage of extract-only economic games, outright scams, and failed wishful experiments.

To those builders, and to those who may not cut code but still care about building a genuine ecosystem with real cashflow, come and build the world you were promised. It won’t be perfect, but if a community with a shared vision can come together and put these ideals into place, we can construct a system to be proud of–a system that lasts.