Blockchain Brands: How Global Networks Are Creating Intangible Assets
The blockchain and crypto industry has reached a trillion-dollar milestone, but its next phase of growth may not be measured by market capitalization alone. According to Brand Finance, the industry's next great intangible asset may be brand value, as blockchain networks begin to develop their own identities, communities, and reputations.
Switzerland played a key role in building the institutional foundations for the first generation of global blockchain networks, and now has an opportunity to shape the development of truly global blockchain brands. The Crypto Valley Report shows that 1,766 active blockchain-related entities exist in Switzerland, with a combined token market capitalization of $461.8 billion.
The top 25 entities in Crypto Valley ranked by token market capitalization are dominated by blockchain networks, accounting for approximately 99% of total token valuation. These networks possess many characteristics traditionally associated with established brands, including name and symbols, visual identities, communities, and reputations.
However, brand value is not the same as market capitalization, and measuring it requires a different approach. The blockchain industry has become sophisticated at measuring token and network value, but it is still immature at understanding brand value. As the industry continues to grow, it is likely that brand value will become an increasingly important metric.