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Mainstreaming NFTs: Use Cases, Art, More

web3 with a16z crypto

CHAPTER

Is a Token a Coordination Mechanism?

The real question of the physical world is not necessarily merch, it's aren't people doing things in the physical world. And so what I think we will discover is the much greater expressiveness of NFTs will allow us to do much better social organization with crypto than we could with fungible tokens. With an NFT, you can represent much more complex social structures. The details don't actually matter. This is the type of thing that is represented in bank databases and policy documents and constitutional documents,. But there's no reason you couldn't have your ETH in a gnosis safe. You're going to express any arbitrarily complex social structure with NFTs.

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