If you look at the social DAO landscape, you’ll see communities with different social token models. Some, like FWB, use a fungible social token to gate community access. Many emerging PFP-based communities like BAYC use NFTs as the primary community gating mechanism. Whether fungible or non-fungible, social tokens in DAOs usually represent three di... See more

Token-backed communities align incentives so much better than any other medium or monetization I’ve seen.

Having a token brings a community together loosely with a financial stake, but composable membership holds a community together long term with social capital. That's a lot of buzzwords, so let’s explore this in three parts: