Yes I think it will have long lasting wealth redistribution effect.

Two driving forces:

1) cryptocurrencies and digitized assets have much smaller transaction cost; high transaction cost leads to big organizations and hence a concentration of power to take advantage of economies of scale in order to lower the transaction cost; big organization leads to culture and norms that help solve the free rider problem, hence the exclusivity and secrecy; lowering the transaction cost removes incentives to form big organizations and ensures wider access to these assets.

2) the cost of issuing a new cryptocurrency will approach zero; this has profound implications as concentration of holding will become self-destructive for the currency; majority of the network can move freely to new cryptocurrency with a more even distribution, which benefits the majority at zero cost, hence wiping out the network value of the old.

This means that redistribution will take place in a natural way because the strength and value of a network depends on the numbers. However, property rights will also be more clearly defined and more liquidly traded in the token economy so wealth in terms of property rights will not be redistributed, but rather more fairly valued.