Social Tokens: Next Big Crypto Move Will Revolutionize Future of Work – Business Insider

Social Tokens: Next Big Crypto Move Will Revolutionize Future of Work – Business Insider

  • Social tokens are a way for crypto-based communities to incentivize working together on projects. 
  • More than the tokens themselves, it’s the growing ecosystem around them that is valuable.
  • Social tokens are already being successfully utilized in rapidly growing communities. 
  • Eliot Couvat is a French writer and head of community at Coinvise.
  • This is an opinion column. The thoughts expressed are those of the author. 

Since last year, the NFT space has boomed. Short for non-fungible tokens, NFT sales have burst into the media limelight, and so far this year, NFT sales have totaled more than $13 billion. 

Despite the surge in interest, many people still don’t get the point of NFTs. They’re treated as a flight of fancy
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