There's Something Off About ApeCoin

Early versions of token distributions have led to unsustainable dynamics wherein speculators are rewarded instead of those who are adding consistent value to networks through actual usage.

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.

Web3 is often referenced as an important part of the “ownership economy,” in large part because it enables creators to monetize in creative ways while owning both their work and a part of the platforms. But creator tokens can start to take us down a more dystopian path in the ownership economy — one where the fans start to own the creators. The (of... See more