Why Creator Tokens Will Precede Community Tokens - a16z crypto

Media creators today can issue their own cryptographic token and design distribution and incentives around it to trigger a virtuous cycle for themselves and their fans. A simple token economics model could help media creators bootstrap funding for new projects, reward early fans and rally communities towards a common goal. In short, communities sho... See more

What does it mean for a community to be tokenized? Simply put, tokenization implies that a community is using a token as its primary means of coordination. The token is a proxy for some larger meme or set of values.

True creator tokens will be difficult to design, and even more difficult to successfully implement. I think we’re going to see a lot of trial and error — and that’s ok. The overall goals are admirable: enabling creators to access additional sources of capital, allowing fans to share in the upside from investing time and money into supporting their ... See more

The core tenet of any web3 project is a token. Operating as the centerpiece of the ecosystem, tokens are the new form of equity. Tokens typically carry governance rights, and allow community members to participate in a product, service or protocol as a co-owner and key decision maker of a shared treasury.S ince 2013, founders have had to think abou

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