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#4 - Market Design and Token Engineering Andreas Fauler Market failures caused by increasing returns and undesired externalities like environmental pollution are demanding an upgrade of our economic and financial system. On the other side financing public good is a challenge. So far the typical approach to dealing with market failures is to introduce centralized governance mechanisms (e.g. governmental regulation and additional artificial entities like the audit complex). Enabled by exponential technologies like web3 and blockchain there are opportunities in upgrading our market mechanisms themselves to better align stakeholders and public interests and overcome market failures without adding additional regulation and institutions. Radical Markets and Token Engineering are frameworks that represent this approach. We will present concepts and will discuss applications of these concepts in this workshop.