Jun 23, 2021

Leaderboards & Discords

Richard Patey

I’m a sucker for referral leaderboards, having recently won the Alternative Assets one where I’ve received more merch than I can shake a stick at.

I now want to do the same with Swapstack who enable newsletter publishers to plug & play pre-approved advertisers with one click such as this >> Subscribe to Morning Brew where business news doesn’t have to be dry and dense.

I needed a breather from my long-form newsletter last week on Why Creators Should Choose Protocols Over Subscriptions, so have used the in-built functionality of Revue to drag and drop recent links I’ve shared on Twitter (follow me).

But I’m active every day in the Discord community and have finally figured out what it’s about:

A community of creators learning how to monetize through NFTs, build their own micro-economies through social tokens, and contribute to existing communities, protocols and DAOs.

Ok, onto what had the biggest impact on me this week:

Individual Before Community: Why Creator Tokens Will Precede Community Tokens - Future

What purists miss in their devotion to the collective is that all communities start with an individual. Creator tokens will be the first to go mainstream.

future.a16z.com

Social Tokens have grown over 400% in 2021 — Mirror

Analysis of on-chain activity of social tokens tracked by Forefront.

ff.mirror.xyz

Evolution of the FWB DAO — Mirror

FWB has quickly become one of the most exciting social experiments on the internet.

zhang.mirror.xyz

Reputation in Web3: Ships Built on the Great Flood — Mirror

Implicit in the name ‘Web3’ is the expectation of replacement. In technology, versions are successors. When the new model comes out, we upgrade and the older one is replaced and forgotten.

darkstar.mirror.xyz

Social tokens - the gateway drug to crypto

If you’re looking to buy crypto to get into the world of social tokens (and DAOs), this is how I do it:

1) Buy Ethereum (ETH) - I use Coinbase (link gets us both $10 in free Bitcoin) and Binance (link gets us both 10% back).

2) Download Metamask wallet and send ETH to it.

3) Use Uniswap to swap ETH for the social token (i.e. $WHALE). Make sure you use the correct contract address. For example, $FWB link to their token on their homepage.

That’s it for this week.

Cheers

Richard

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Richard Patey @richardpatey

Tokenized communities are the future of work, investing and play

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