A cult is a social group that is often defined by its unusual philosophical beliefs, or intense devotion to an idea or person. Cults welcome all who want to join, so long as they believe.
Audius, the web3 music streaming platform, builds on both Ethereum and Solana. It issues and manages the $AUDIO token on Ethereum, but it runs upvotes and likes, things that need high speed and low-cost to work as well as a Web2 counterpart, on Solana, powered by the same engine used by some of the most sophisticated finance professionals in the wo... See more
NFTs delivered what social tokens promised:
• community alignment
• shared upside
• token-gated access
Why have NFTs one-upped social tokens so far?
You can’t flex a social token.
The large incumbent players (e.g. United, Humana) are largely built for a fee for service environment, and they’re best positioned to succeed in fee for service.