Austin Castellaw

-According to Spencer defining a DAO should be from the bottom and looking at the DAOs actions. A DAO is an organization where the decisions occur in a decentralized manner by many people in a collective.

So, what types of tokens should be used for which community purposes? As with most things in life, the answer is: it’s complicated! Each DAO needs to evaluate what type of community they are trying to build and determine the right combination of assets for economics, governance, and membership. But, generally speaking, we think it makes more sense... See more

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.

Each node has to verify the validity of every computation the users send to the network on blockchains. One of the major bottlenecks of blockchains' scalability is how to increase computational bandwidth without increasing the verification cost, which is ultimately the decentralization guarantee of a blockchain. The higher the verification cost,... See more

Games like Axie Infinity, Crabada, and The Sandbox belong to this category.