Composable Membership and its Role in Generating Social Capital

One core piece of the Web3 vision is "composable data" - the idea that the information that powers our online experiences can be shared, used, and 'composed on' by applications across the web. This is in contrast to today's model, where data are primarily trapped in application-specific siloes.

what this paper is really about is allowing tokens to be more than just financial objects. Rather it is about allowing them to pick up ‘attestations’ that allow your account, or “soul”, to become a nuanced multi-faceted decentralised identity, opening up the wonders of decentralised sociality.

Whether fungible or non-fungible, social tokens in DAOs usually represent three different but overlapping roles:

Communities in web3 issue tokens which are primitives used for defining membership - and if platforms want communities to use them, then they must support flexible membership structures.