Web3 playbook: How token incentives can bootstrap networks

Jarrod Dicker, Partner at TCG, comments, "What Web3 really does is it unlocks the possibility for creators to offer more. If we take newsletters as an example, the concept in Web3 becomes 'why subscribe when you can invest?' In the case of Mirror.xyz, you now have the opportunity to invest at the earliest stages of a publication in exchange for a t... See more

SourceCred: SourceCred is another web3-native tool that’s arisen in popularity among certain communities, namely FWB. SourceCred offers an interesting way to reward community members for their participation in discussions like Discord and Governance proposals on the forum. To summarize how this works, similar to Coordinape, the SourceCred software ... See more

One of the most pressing applied research questions when developing complementary technologies for the Web3 is the question of how to reward network participants with a token, so that the network stays attack resistant. Examples thereof would be incentive mechanisms for decentralized file storage solutions, decentralized computation, data analysis,... See more

Web3 changes the whole approach to bootstrapping new networks, since tokens offer an alternative to the traditional approach to the cold-start problem. Rather than spending funds on traditional marketing to entice and acquire potential customers, core developer teams can use tokens to bring in early users, who can then be rewarded for their early c... See more