Austin Castellaw

Spending vs HoldingCash flowsGovernanceCollateral

To identify and reward the users who have contributed value to the platform—a form of signaling, which those users can parlay into public reputation.

In web3, the situation is different.  New marketplaces can aggregate all existing NFTs. New social networks can surface all on-chain activities regardless of whether users ever signed up. How can a moat develop?  A potential answer is tokens.

-Trust and self-awareness are key to having conversations around performance and compensation. DAO tools are about facilitating hard conversations and personal growth.

And if nearly the entire audience who is playing the game is only there to make money, as soon as the earning possibilities go away so too does the audience, and then the game rapidly falls apart.