Tokenized Communities

In self-managing organizations, leadership is distributed across roles, not individuals.Rather than there being one leader in a community, there are many. Hierarchy is dynamic based on the specific function being carried out, the scope of the decision, or the context of the work.

Self-managing: leadership is distributed amongst roles, not individuals.

For example, FWB is tokenized. Membership is limited to tokenholders above a certain threshold. Events are token-gated. Content is token-gated. Life in FWB revolves around the token.

Positive-sum: economic model is expansive, not extractive.

On the other hand, Time Magazine minted an NFT collection. Time is not a tokenized community. The community at-large has not adopted the token as a means of organizing around the brand in any meaningful way. 

Aspirational: actively working to progressively fulfill the first 6 criteria. 

Let’s take some examples:Krause House: own and operate an NBA team.Gitcoin: support and fund public goods.Forefront: support and build tokenized communities.Being meme-driven is a necessary component of tokenized communities – it makes “sharing in common” valuable. 

As mentioned at the beginning of the essay, protocol tokens are financially valuable in large part because of the "threat of the fee." Taking this idea to its extreme, a token’s governance power is powerful because it gives you the ability to conserve the vibes. As a builder on the protocol, you hold to help ensure that you can’t get deplatformed. ... See more

Web3 has introduced a new type of organization:  Tokenized Communities.