Crypto Tokens
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Crypto Tokens
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.
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.
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Exclusivity is a Double-Edged Sword – there are diminishing returns to growing an exclusive community.
The Social Token Paradox by @gaby_goldberg got me thinking about how socials tokens based on exclusivity might get trapped in a cycle of growth and diminishing social value.