added by sari · updated 8mo ago
Social Money
- Social money is branded cryptocurrency. It allows creators to reward fans for different kinds of engagement. Liking and retweeting your favorite creator’s content for example is finally worth something.
from 🧠 A Primer on Social Money by Holyn Kanake by Holyn Kanake
sari added
- - gives ownership to users, incentivizes them to stay and invest moreCons of “social tokens”- puts pressure on creators to continue delivering value for token holders (akin to an “early IPO”)
from Betting on Consumer Tech’s Tokenized Future ft. Gaby Goldberg by Sari Azout
Mark Fishman added
- Social tokens are tokens issued by individual creators or communities that enable community members to collaborate and share ownership in the value created together. Social tokens can be earned as rewards for contributing to the group and can be used for purposes such as granting access to a chat group or voting on community decisions. “Social toke... See more
from A Beginner's Guide to Social Tokens by Linda Xie