A Theory of Value

The Channel NFT acted as a token that opened up a few things for me:

Participation. The token gives me permission to participate in the project and/or its culture, in whatever way that may be defined.

Access. The token gives me access to a Discord server where I receive information, learn and can connect with other founding members.

Status. The token (visible through Opensea and my Twitter profile) signals my involvement in a project that I, and others in my sphere, deem relevant.

Speculation. The token acts as an investment into a project that might increase in value as it becomes more popular.

Belonging. The token makes me part of a group of 666 founding members that assigned the same value to the project / were willing to pay the same amount for getting involved.