Creator Economy by Peter Yang | Substack

3. Regulations can impact social tokens.

What does it even mean to co-own a community? To make this concrete, suppose you're a YouTuber named Jimmy with 10,000 fans. Instead of asking fans to pay to subscribe to your YouTube channel (letting YouTube take 30% of your revenue in the process), you ask them to buy and hold $BEAST tokens.

1. Creating a token for your community is a long-term commitment... there’s an implicit obligation to make the token more valuable - whether that's creating more content, offering more perks, or doing something else for your community.

2. Co-own NFTs

2. Price fluctuations can have an impact on your mental health.

3. Co-own a creator’s future income

NFTs let a single fan own a digital asset.

What are the risks with social tokens?