Economic Insight on the Application of Emerging Technologies

Prysm Group assists in identifying and answering practical questions relating to economics and governance of emerging technologies with the intention of implementation in mind. Whether seeking increased platform adoption through the proper set of incentives or aiming to implement a governance model, Prysm Group provides the understanding of how to optimally structure economic systems for emerging technologies.

Technology Agnostic

For open or closed platforms, Prysm Group's products and services are tailored to the client's selected underlying emerging technology. Whether proprietary or built on an existing platform, Prysm Group provides expertise working with platforms developed on all prominent blockchain and metaverse platforms.

How We leverage economics

"Economic design of emerging technology implementations is extremely context-specific. It does not copy-paste well. It requires a deep understanding of the economic principles at play to achieve the desired platform outcome."

- Dr. Cathy Barrera, Prysm Group


Prysm Group has developed a set of products tailored towards platforms at different development stages based on its established frameworks.

The Blue Paper is a first-principles, ground-up assessment of the key economic design issues that a platform will face and the steps required to address them. The Blue Paper highlights the tradeoffs that the executive team will face when making decisions for their token and/or platform, with the goal of assisting the team in refining and further delineating those objectives so that the economic design of the system can be specified.

Following the structure of the Prysm Group House framework, The Blue Paper is composed of three sections: Contract and Transaction Design, Market Design and Information Systems, and Token Economics and Design.

Each of these three sections contains:

  1. An overview of the top issues that the platform will need to address;
  2. Preliminary recommendations;
  3. An outline plan of action for mechanism design;
  4. An estimate for the time required to complete the design.

The Blue Paper is recommended for pre-testnet staggered platforms.

The Economic Audit is a qualitative and quantitative report providing an analysis of the economics and governance of a platform based on the following four primary sections:

  1. Contract and Transaction Design: contract terms, performance verification, dispute resolution, and escrow.
  2. Market Design and Information Systems: buyer and seller matching, pricing mechanisms, and supporting information systems.
  3. Token Economics and Design: participant incentives and markets for goods and services.
  4. Governance: participant selection, proposal mechanisms, and decision mechanisms.

Each of these four sections contains:

  1. An analytical assessment of the top identified economic points of concern within the platform's current design;
  2. Key findings with associated risk grade of Pass, Challenge, or Fail;
  3. Preliminary recommended plan of action.

The Economic Audit is recommended for testnet-ready or post-testnet staggered platforms.

The Metaverse Readiness Report is a proprietary framework to help organizations move beyond jargon and focus their efforts on how exactly embracing the metaverse economy will allow them to deliver long-term growth to their firm.

The Metaverse Readiness Report is organized into the following sections:

  1. Targeting: This includes whether a firm is attempting to interact with an existing customer or whether they are trying to reach a new audience.
  2. Offering: Firms must decide what goods, services, or experiences they will offer to have a meaningful impact on the market. 
  3. Location: Identifying the best and most relevant metaverse technologies and experiences to engage will depend on where the target customers are currently or where they will be. 
  4. Monetization: The analysis of the short-term vs. long-term optimal monetization trade-off will be essential to ensure the success of any chosen strategy.
  5. Readiness: There are three main components of enterprise readiness, these are: (i) Business readiness;  (ii) Technical readiness; and (iii) Regulatory readiness.

The Metaverse Readiness Report is recommended for companies in the early stages of the business journey into the metaverse. 

A Trusted Advisor to Corporate and Government Executives

Prysm Group provides advisory to corporate and government management teams working on emerging technology projects, evaluating opportunities for the highest possible economic impact to allow for informed project prioritization.