On Friday night, the incoming president launched a Solana-based memecoin. Over the weekend the coin surged in value against the backdrop of split public reception.

The Open Money project aims to create a straightforward framework for evaluating the potential of crypto and digital asset systems. While the project could help develop a broad-stroke investment thesis, or maybe more accurately, a distinct and informed point-of-view from which to develop an investment thesis, the goal is not to create some new financial framework.

This post marks the beginning of an experiment: building a book in public. The project is about Open Money — what it means, why it matters, and how it fits into the bigger picture of our digital future. But it’s also a project about transparency, collaboration, and accountability.

Developer activity is one of the most fundamental metrics for evaluating the future of blockchain or digital asset projects. More developer activity means more potential for growth, more access points, and more apps and services. Interestingly, as valuable a metric as developer activity is, it is also the most under-reported.