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Social Tokens: The Economy of You | The Generalist
Economic valueGovernance rightsMembership & access
Jonathan Hillis • Unbundling social token economics, governance, and access
Today, top creators are rewarded with inefficient virtual currencies (e.g., likes/follows) and cash from a centralized platform. In the future, creators will build a new form of status through these community-driven NFTs which they own through their private key and can directly redeem for money.
future.a16z.com • Designing Internet-Native Economies: A Guide to Crypto Tokens - Future
Three cases for why social tokens offer a whole new possibility for collectives to succeed in ways they never have historically: