Costly signals of skill

This highlights the need for on-chain reputation systems. On-chain reputation systems will capture our actions that occur on blockchains: our contributions to DAOs, our governance voting history, our token holdings, and more. Ultimately, reputation systems will use these on-chain actions to make predictions about how we will act in the future to ma... See more

If DAO members could accrue reputation and receive recognition, there would be stronger incentives to maintain long-standing and positive relationships with the communities they are part of. Reputation or social standing are not themselves part of the badge, but are inferred by the viewer from seeing the badges collected by a person.

-LinkedIn of NFTs: As we earn non-transferrable NFT “badges” through past actions like attending events, voting in DAOs, or providing liquidity in defi, social media platforms will develop based on the badges we accrue. We may see the LinkedIn of NFTs where our resumes are simply visual reputation display spaces that show past contributions. People... See more