The Currency of Community

Despite every social token having very different goals, there’s one feature tying them all together: Community Access.

Tokens are a double-edged sword that have the potential to unlock new economic models of self-sufficiency, but run the risk of confusing individuals into thinking they have developed lasting community, when all they have created is an unsustainable money game.

4. Capture meaningful cultural moments: NFTs are not valuable because of “utility” or vague notions of community. The real value of NFTs comes from the “meaning” they represent as the cultural artifacts of communities.

- 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”)

What’s unique about NFTs is that you can make an economic decision (invest / own an asset) while also purchasing status, belonging to a community, accessing a perk. I