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Runescape: There were two factors that made skill capes so desirable. First, they weren’t tradeable, you couldn’t buy your way to success... I bring up Runescape because skill capes are an example of scarcity through time and labor.

The design space is wide open for new types of NFTs and DAOs and communities that adopt time-scarce NFTs might experience stronger communities that aren’t solely financial in nature.

Time is universal and naturally limited making it the most equitable resource – everyone has the same 24 hours. NFTs can take a page from the Runescape playbook by integrating time or labor-intensive tasks into how they are earned. To date, acquiring most NFTs simply requires capital, creating an NFT culture built around money as opposed to merit.