January 8, 2026· mediaTUM – the media and publications repository of the Technical University Munich (Technical University Munich)
dissertation
Open access
Eine neue Ära von Entrepreneurial Finance? Drei Essays zu dezentralen digitalen Plattformen (DDPs)
Authors:Johannes Fuchs *
Abstract
This dissertation explores how entrepreneurial and policy decisions shape the performance of decentralized digital platforms (DDPs). It shows that token governance affects fundraising success, public listings catalyze user growth and engagement by amplifying network effects, and global regulations shape token risk-return profiles. The findings highlight the need for regulatory clarity and careful market entry strategies by entrepreneurs.
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