• Access: Fans may simply buy tokens for the access they provide. For example, one band (Portugal. The Man) gives fans who buy 10 coins access to benefits such as the band’s audio archive, text and video chats, and other benefits.
• Exchange: The coins can be used as a medium of exchange. Instead of the “tip jar” found on some websites, fans directly donate a token to compensate the creator.
• Investment: With the token supply limited, rising demand drives value up. Fans can redeem coins, treating them as an investment (albeit a very risky one), and creators can augment their their income.
2
3 reads
CURATED FROM
Social Tokens: a web 3.0 method for engaging communities and compensating creators
forbes.com
6 ideas
·41 reads
IDEAS CURATED BY
36 yr old product guy. Interested in meditation, product design and the future.
Exploring how will social tokens change online communities as we know them today. How will middlemen fade away and creators will retain much more value from their audiences.
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