Austin Castellaw

Isn’t it weird how the tables have turned? Now, let’s look at a Web3 version of this.

If you look at the social DAO landscape, you’ll see communities with different social token models. Some, like FWB, use a fungible social token to gate community access. Many emerging PFP-based communities like BAYC use NFTs as the primary community gating mechanism. Whether fungible or non-fungible, social tokens in DAOs usually represent three di... See more

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.

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

Fully backed and over collateralized — Every stablecoin issued is backed by reserve assets in a vault that represents more than 100% of the total Stablecoins issued.

And so when people are designing these incentive mechanisms and tokens, what types of factors are they considering? Whether it’s things like fairness or liquidity or security or the developer ecosystem, or I’m sure there’s plenty of other considerations. But what do you find that people are thinking about and tend to value? For some of the differen... See more