Austin Castellaw

Play-To-Earn then turns into Play-To-Zero.

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... See more

This is a fundamental shift in blockchain scaling.Running a game completely on-chain on a monolithic blockchain is economically unfeasible and will remain so for the foreseeable future. That is why most of the blockchain games that have been released in the past few years are in a hybrid form, having only a few components of their stack on-chain... See more

-People are much happier with the transparency of the give tokens. Coordinape does not solve the problem of social signaling as the most veteran visible members often receive the most recognition.

Social tokens have shown their efficiency to incentivize individuals to share their skills with others. Well-designed incentives are more than crucial as they can make your project tremendously grow. Social Tokens are best used when they scale or incentivize coordination and engagement between community members. Incentives are ideal when it's... See more

Yet these two roles are in opposition to each other. A token needs to be exchangeable in order to be liquid. But the more liquid a token is, the less effective it can be as a pure signal of reputation. 

Should all three of these roles be represented by a single token? Which of them are a better match for fungible and non-fungible tokens?