Mark Fishman

Pros of tokenizing a platform:

Whether the starting point is a student directory (Facebook), radio, or an AI image generator, the end point seems to be the same: a river of short-form video. In mathematics, the word “attractor” describes a state toward which a dynamic system tends to evolve. To take a classic example: Drop a marble into a bowl, and it will trace several loops... See more

In short, when a private company raises less capital at lower valuations, employees have the chance for more upside if the company succeeds.

Intrinsic and extrinsic motivators both exist and need to be carefully balanced. There is a long tradition of open-source development, and adding financial rewards can derail a project. (See: there is yet to be a successful "token-powered Wikipedia")

If all the uses of GST help you earn more GST, they’re headed for disaster. But once you can spend GST to enhance your status in ways that don’t allow you to earn more, they might just make it. 

STEPN allows you to earn crypto from walking, jogging, and running. They’ve gamified fitness with a “Move to Earn” model (Play to Earn with extra steps) where the app is able to track your exercise similar to Strava or Map My Run, then reward you with crypto for completing activities.

The #1 riskiest assumption is building something people don’t want.