If Twitter is the internet’s town hall, Discord is its hidden network of comfortable lounges, dingy basements, and smoke-filled back rooms. It’s where companies and DAOs are built, bonds are formed, schemes are hatched, alpha is leaked, and fortunes are won and lost. We spend more of our lives in cozy classrooms, crowded restaurants, and friends’... See more

Offensively, giving users a stake in Discord’s upside would encourage more communities to set up shop on Discord, and would serve as a retention tool against the notoriously fickle whims of the masses. It would enable and incentivize a thriving in-app economy. It would allow users to reward each other with a simple !thanks, and might even provide... See more

Defensively, a token might help solve the issues that plague Discord. It could, for example, reward community members in $DISCORD for helping moderate channels and remove the bad actors who have plagued the service. Requiring users to pay a tiny fraction of a $DISCORD to message users with whom they’re not friends in order to reduce spam.

what if Discord itself decentralized? What if instead of going public, Discord issued a token? $DISCORD has a nice ring to it. To be sure, this would represent an all-in pivot the likes of which the corporate world has never seen, at a time when everything is already coming up Discord. And it would also represent a legal nightmare, if it’s possible... See more

A centralized chat app seems an odd place from which to launch a decentralized revolution. As a result, many have called for a web3 Discord

-Discord is a centralized company.

-Scammers flood Discord DMs with bogus offers

-Discord servers are too chaotic

As discussed, Discord and web3 have a love-hate relationship. There are many reasons, some of which include: