Unbundling social token economics, governance, and access

Communities in web3 issue tokens which are primitives used for defining membership - and if platforms want communities to use them, then they must support flexible membership structures.

Having a token brings a community together loosely with a financial stake, but composable membership holds a community together long term with social capital. That's a lot of buzzwords, so let’s explore this in three parts:

Social tokens can be used to represent a wide range of access rights, from a person’s time, access to an exclusive group, or partial ownership of a community treasury. Their use cases can also evolve, with more features added over time.

Tokens may be one key to unlock the ownership economy, but to reach a more equitable version of this future, we must participate in crafting the culture around token distribution, mediation, and governance now. This becomes important because, unlike shares in cooperatives, many tokens that double as governance rights can be sold on secondary market... See more