We call Tokenomics all the things that enable participants to earn more tokens by contributing positively. Basically, setting up Tokenomics for your project means "What can we put in place to incentivize my community to participate in my project.
This isn’t really anything novel. But in our hyper-digital age, how information is framed often matters more than the substance of that information itself.
But LooksRare is off to a hot start. The community-owned NFT marketplace quickly surpassed OpenSea’s daily volume within 24 hours of launching, facilitating hundreds of millions of dollars in transaction volume.
Communities like Friends with Benefits allow owners to access exclusive social communities and cultural events. A core premise here is ownership satisfying a need for social belonging and community.