What is the MIT Cryptoeconomics lab?

Could you elaborate on the MIT Cryptoeconomics Lab? I'm curious about its role and influence in the cryptocurrency and finance industry. As a leading research facility, what sort of cutting-edge work is it doing to push the boundaries of cryptoeconomics? I understand it explores the intersection of cryptography, economics, and technology, but how does this translate into practical applications and advancements in the field? I'd appreciate a concise yet comprehensive overview of the lab's mission, achievements, and future aspirations.