The Seigniorage of Tokens: AI-EraDigital Sovereignty and Global ComputePower Competition
1. Executive Summary In the global economic landscape of 2026, Artificial Intelligence (AI) has evolved from a technical auxiliary tool into a core engine driving growth. This report introduces the core analytical framework of “Token Seigniorage” to reveal the deeper logic of power distribution in the AI era. Tokens (lexical units), as the smallest unit […]
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