A Coopah x ForeFront Collab.
Social tokens. Community tokens. Creator coins. DAOs.
The terms you hear every day have evolved into a movement with no signs of slowing down.
In the time that’s passed since the 2020 Social Token Year in Review, what was once a nascent sector has become a hotbed for the industry’s most creative minds to explore the intersection of financial and social capital.
DAOs have taken center stage.
Ever since 14% of the entire ETH supply was locked in The DAO in early 2016, we’ve spent the last five years distilling what it means to coordinate digital working groups.
DAOs are internet communities with a shared cap table and bank account.
Members work together to create, distribute and capture value relative to a shared mission. Ownership shares economic, social and political components, creating best practices for digital coordination.
You've heard of them. You've seen them. You can't escape them.
While the movement continues to grow, there are open questions around how to value them.
More importantly, which layers of the stack will capture that value, and which players are leading that charge today.
Last month, I set out to explore one question: where do NFTs capture value?
This is not a thesis on what makes NFTs valuable, it assumes you already understand why scarce, permanent, ownable digital content has value.
Instead, we’ll use this essay to explore the NFT stack, breaking down the various layers as we hone in on one in particular - curation.
This post offers a 10,000ft view on the NFT issuance landscape, helping creators better acclimate themselves with the tools, players and resources leading the growing movement around scarce digital content.
Disclaimer: The projects covered in this post are the output of my personal exploration and are by no means a canonical source of truth on the ‘best’ platforms that exist today.