TheSequence

TheSequence

The Sequence Opinion #879: When Tokens Become Balance Sheet Items

The Token Economy Is Here. We’re Measuring It Wrong.

Jun 18, 2026
∙ Paid

AI tokens are becoming are incresingly becoming part of every company economics. You see large companies measuring and reporting token expenses and forecasts like a well understood accounting units. In reality, we are entering a new era: the token economy. How to think about it ? measury it? Will we see a new generation of software in this space? An ERP for tokens?

Let’s discuss.

The Smallest Billable Thought

Something strange happened quietly, and then all at once: the token became the atomic unit of the AI economy.

Not the parameter. Not the GPU. Not even the model. The token.

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