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Crypto Adoption 101: Social Tokens

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Given all of the recent changes happening within the crypto space, we wanted to touch on the topic of social tokens.

Our friends over at Coin Snacks recently pointed out how social tokens are starting to gain traction in the crypto space.

Spencer Dinwiddie, a point guard for the Brooklyn Nets, tokenized his NBA contract earlier this year. And just this week we saw RAC, a Grammy award-winning artist, launch his own community token as well…

But investors are skeptical. How do exits work? How are the tokens valued? What happens if a creator stops?

Despite the batch of concerns, there could be potential in these newfound fan tokens.

Cooper Turley from Bankless makes the case.

Thank you!

The Globalhive Team

PS. Dont forget to download the Brave browser for daily surfing of the web! A secure browser that pays you in crypto to watch ads!

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