2min chapter

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NFTs, Explained

a16z Podcast

CHAPTER

What Are Social Tokens?

I really think that anything in the world can be an nft. Can you say more what you mean by social tokens? Yes. Social tokens are just a really broad category of tokens that are issued by individuals or communities. We've seen people tokenize their time, so one of these tokens equals one out of their time and becomes freely traded. And we've also seen some one like r a c, whos agrammeward winning recording artist, tokenie his social token to get access to private discord groups. So this is a way that creators can interact with an reward their early supporters.

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