{"_canonicalization":{"envelope_id":"axm_ + sha256(envelope minus {signature, axiom_id, anchors})","envelope_signature":"ed25519(envelope minus {signature, axiom_id})","json":"sort_keys=True, separators=(',',':'), ensure_ascii=False, allow_nan=False, utf-8","leaf_hash":"sha256(0x00 || canonical_json(envelope_full))","seal_signature":"ed25519(seal minus {signature, sig_algorithm})"},"axiom_id":"axm_938a81d49947bcd9631d5efc29be16a9c9d311552113467fcc86c4f50c8ac171","bitcoin_anchor":{"bitcoin_attestations":[],"calendar_attestations":[],"ots_url":"","stamped_at":"","status":"pending_next_stamp"},"envelope":{"anchors":[{"chain":"crovia.axiom_graph","height":0,"merkle_proof":"spider_vendor_press_v1","root_at_anchor":"spider_vendor_press_v1"}],"axiom_id":"axm_938a81d49947bcd9631d5efc29be16a9c9d311552113467fcc86c4f50c8ac171","axiom_type":"AX.OBS","body":{"axiom_subtype":"news.vendor_press.v1","category":"news","fingerprint":"b8ac2fd69d735d988825d5962c02ba86416093be1118921634dd6d3fe1253753","published":"Wed, 24 Jun 2026 00:00:00 -0400","receipt_hash":"b8ac2fd69d735d988825d5962c02ba86416093be1118921634dd6d3fe1253753","schema":"spider.news.vendor_press.v1","spider":"vendor_press","spider_record":{"axiom_subtype":"news.vendor_press.v1","category":"news","decision_hint":"POSITIVE","envelope_target":"AX.OBS","fingerprint":"b8ac2fd69d735d988825d5962c02ba86416093be1118921634dd6d3fe1253753","observed_at":"2026-06-24T04:43:17.877668Z","parent_run_hash":"ca17d06d44ba7db934e6f913874699efc608b8f87453f1ac67f52060e620b57c","published":"Wed, 24 Jun 2026 00:00:00 -0400","runtime_version":"0.1.0","schema":"spider.news.vendor_press.v1","source_status":200,"source_url":"https://export.arxiv.org/rss/cs.AI","spider":"vendor_press","summary_excerpt":"arXiv:2606.24616v1 Announce Type: new \nAbstract: Tokens have become the practical accounting unit for modern foundation model services, linking information processing, computation, memory use, energy expenditure, pricing, and economic value. This paper develops a framework for AI tokenomics: the study of how tokens are generated, consumed, priced, allocated, and optimized across AI systems. We connect token-level technical costs to workflow-level production functions, enterprise resource allocation, measurement and instrumentation methods, and emerging market-design questions. The framework shows that token expenditure and economic value are distinct: value depends on marginal productivity, workflow position, hidden reasoning activity, risk, and downstream propagation effects. The paper concludes by identifying open research directions in hidden-token measurement, empirical calibration, token productivity, dynamic allocation, and token-based markets.","title":"AI Tokenomics: The Economics of Tokens, Computation, and Pricing in Foundation Models","url":"https://arxiv.org/abs/2606.24616","vendor":"arxiv_cs_ai"},"summary":"arXiv:2606.24616v1 Announce Type: new \nAbstract: Tokens have become the practical accounting unit for modern foundation model services, linking information processing, computation, memory use, energy expenditure, pricing, and economic value. This paper develops a framework for AI tokenomics: the study of how tokens are generated, consumed, priced, allocated, and optimized across AI systems. We connect token-level technical costs to workflow-level production functions, enterprise resource allocation, measurement and instrumentation methods, and emerging market-design questions. The framework shows that token expenditure and economic value are distinct: value depends on marginal productivity, workflow position, hidden reasoning activity, risk, and downstream propagation effects. The paper concludes by identifying open research directions in hidden-token measurement, empirical calibration, token productivity, dynamic allocation, and token-based markets.","title":"AI Tokenomics: The Economics of Tokens, Computation, and Pricing in Foundation Models","vendor":"arxiv_cs_ai"},"confidence":{"method":"deterministic"},"decision":"POSITIVE","issued_at":"2026-06-24T04:43:17Z","notes":"Spider vendor_press (news) news.vendor_press.v1","object":{"captured_by":"crovia.spider.vendor_press","primary_source_url":"https://arxiv.org/abs/2606.24616"},"predecessors":[],"schema":"crovia.axiom.v1","signature":"ed25519:6ab86aff9249a6b38dde13cdc5fd58b7db2aeadd4c129fac548c755a106b35f823fcbbe43bd32a1d715c52d3bc3e9affaeb80c18b69ae309fd94f3e9f561c402","signer":"crovia.substrate","subject":{"observed_at":"2026-06-24T04:43:17Z","source_collector":"spider:vendor_press","target_id":"https://arxiv.org/abs/2606.24616"},"tsa":{"authority":"crovia.substrate.bootstrap","rfc3161_token":"{\"kind\":\"crovia.bootstrap.tsa\",\"source_jsonl\":\"/opt/crovia/spider/data/news/vendor_press_v1.jsonl\",\"source_seal_merkle_root\":\"spider_vendor_press_v1\",\"upgrade_path\":\"Sessione H \\u2014 OpenTimestamps weekly anchor\"}"},"zk_mode":"clear","zk_proof":null},"ledger":{"leaf_hash":"00a1be35555b4570bd9a5383899c3950b10a9ed44394e7e3d628599db42f2311","leaf_index":244463,"ledger_path":"/opt/crovia/substrate/axiom_ledger.jsonl"},"merkle_proof":{"hash_alg":"sha256","leaf_prefix":"0x00","node_prefix":"0x01","odd_leaf_rule":"duplicate_last","path":[{"sibling":"2a62c1fed2c489db39ef3a6e3557852c88e6f3b7d78c28e41afbf2db5aa0e9e7","side":"left"},{"sibling":"2598cb04e16d8de5abc5412dbe25ad7dbfa112787242a4ae701ffa8bdbf9b842","side":"left"},{"sibling":"0fa01639888fea578cda43a364405d1ef0ef86dbb28b27f156610195baadbe2e","side":"left"},{"sibling":"31c68f7b573adf8fedc8f0768ecf1fc2caf2b240788c230498fcfbc337c61e4e","side":"left"},{"sibling":"abdd39d3d3cbc67dc566357908a65e15ebe10e01e2f0777446cd8ad83dd5e942","side":"right"},{"sibling":"6b79a26c3c663a3456bb33f67f4eb110b54a7864e536636d6d6a5f1ecb5b4dac","side":"left"},{"sibling":"c56732dc17eeb36165904e6852de6bba2b9a84b8469f41c4ec2f52d30d7ec552","side":"left"},{"sibling":"15f48e0a2913d128f60a5e7f790a33afe2bc5de6c7d7d3be71d0b93c1434d471","side":"left"},{"sibling":"2b242921d744c9b6cbe2a988917698dfd00620e46afc5362a806f02ffdd1f721","side":"right"},{"sibling":"bc74ebb08462da8a50fc65ea75f8a8a3418d10ebd471d830f1c67f33dd54dfd1","side":"left"},{"sibling":"6dafd355e5d54c60e61c6c02d3842984e234b1f5bca1623fcdd3def7b8931973","side":"right"},{"sibling":"3107b9d4dbf9456a39f99de694a4dd4da2c0600f9f8855f125161335fe8810af","side":"left"},{"sibling":"86118ab4500c3055a2af70062751a960423c464405b18ca1c37411bf0ce3f52e","side":"left"},{"sibling":"3a42039065acac6d3e4088ec61d9c116ecf7a26c7b7163d23da8fd0b3362e038","side":"left"},{"sibling":"c044f2bd864a0e8e8af5a7f6e3124def7fc4b4511b2b166ea8f9de321e8d385e","side":"right"},{"sibling":"a04392fb9f2a3a620840e3b3fecd93d12e6d224e481c162389d8ae64e7194599","side":"left"},{"sibling":"c300cf0154c136afc09b1702a0be98f4ba5b6dc5cf57e8cc714ec1eaf4196eff","side":"left"},{"sibling":"d841ad93efda0869e5eb97678f348f03f5caab4353e05ff4bf18f47fb945b822","side":"left"}]},"schema":"crovia.axiom_proof.v1","seal":{"first_collector_run_id":"","first_receipt_hash":"","jsonl_path":"/opt/crovia/substrate/axiom_ledger.jsonl","key_id":"430895f101d38164","last_collector_run_id":"","last_receipt_hash":"","leaf_count":244827,"merkle_root":"274e133c6dfa2781a9cfb85337d01cc6b72688ce5e810149f3183e400ffab136","public_key_hex":"cf742e26f75669dc673cb5c0786a1ae23ae8ca19c347317192ce40c28a7ff25c","run_id":"hourly_json_retrofit_20260624T053701Z","schema":"crovia.seal.v1","seal_family_version":"crovia-seal-family/1","seal_kind":"substrate_batch","sealed_at":"2026-06-24T05:37:55Z","sig_algorithm":"ed25519","signature":"22ca3cee4de2447b3d281e30e09fe566461996bb7be4d4465f08a3f4cf59cea58f22683a4aa10ef4d5d17a19b03f4212392bfd26f2b51f289f0cdf1042a03800","signer_version":"1.1.0"},"trust_root":{"key_id":"430895f101d38164","public_key_hex":"cf742e26f75669dc673cb5c0786a1ae23ae8ca19c347317192ce40c28a7ff25c","signature_algorithm":"ed25519","url":"/registry/canon/TRUST_ROOT.md"},"verifier":{"spec":"/registry/canon/AXIOM_RECEIPT_v1.md","url":"/v/axm_938a81d49947bcd9631d5efc29be16a9c9d311552113467fcc86c4f50c8ac171"}}