Crypto Tokens

Staking is a common element in crypto token designs. But staking in the classic sense originated with securing Proof-of-Stake blockchains, not embedding token features in apps that run on top of them. So what’s changed, and what new design opportunities could this open?

Most of the "tokenized securities" being hyped are "digital stock certificates", not permission-less decentralized businesses with on-chain cash flows & dividends. The former is a cash grab by under-writers, the latter is the potential 10x disruption (a precursor to full DAOs).

here are some posts about online communities that I find very good for one reason or another (Not a full list, no particular order, mostly from the running list we keep at @capiche. screenshots in this thread are their quotes, not my notes) Please add to this list! 👇thread👇

Social tokens are an intriguing category of cryptoassets. Using social tokens, creators and entrepreneurs can unlock new monetization opportunities leading to a tremendous amount of value being created by this emerging asset class.

Seven types of NFTs 🧵

0/ Token incentives are a popular way to distribute ownership to people that provide a useful service But as we've seen, some of these distributions are easy to game and are less effective in hitting their key objectives Here's my framework for thinking about this 👇

Web3 will be defined by “token effects” and not traditional network effects. What does that mean? Token-based projects have a better shot at building powerful and useful networks that are user-owned and operated. (visualized brilliantly by @LeConcurrential)

Predictions on tokens & DAOs: - Current governance tokens are trying to bake too much into a single token. Every DAO in the future will have multiple tokens—at least 3 - A DAO or protocol’s NFTs & social tokens will be more valuable than its governance tokens in the future

It took me a while to understand why web3 is so important. Now, I'm pretty much addicted. Here are 11 reasons why I decided to go all in 👇 https://t.co/neijxlqPgN

Are tokens are the new website? Like @cdixon I believe so, and here’s my take on why. 🧵👇