Unbundling social token economics, governance, and access

If the goal of web3 is to overturn the Internet status quo, then the structure of social tokens today is fundamentally flawed from the ground up. Tokenized communities are centered around what you have — often social or financial capital — while they should instead be centered around what you do.

This isn’t the only way forward. Very opinionated tokenomics might not be possible without each tokenized community having some sort of unique coordination token. The point is that if club tokens are representative of the memes, then “community M&A” might actually take the form of just… using the same token.