Crypto Tokens

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 👇

It’s weird to me that people get regular tokens, but don’t get NFTs? NFTs are enriched tokens, with higher information density, that can enable far more use cases. It’s a new asset class. If you don’t get it, it’s not due to lack of information, but due to lack of imagination.

In theory, crypto makes it possible for users to partake in the success of the products and communities they are part of. In practice, token-based economies are very difficult to design. We’re going to see a lot of trial and error. Some challenges I'm seeing: