App layer tokens have largely failed to sustainably grow products/networks, and tokens are understandably kinda seen as a category error.

@li & I have a new idea oriented around tokens for loyalty/retention vs. growth; feat. Farc as an ex :)

investing & writing about consumer tech since 2016. FID #30. hosting /web2web3 

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App layer tokens have largely failed to sustainably grow products/networks, and tokens are understandably kinda seen as a category error.

@li & I have a new idea oriented around tokens for loyalty/retention vs. growth; feat. Farc as an ex :) https://variant.fund/articles/progressive-ownership-model-application-tokens

thanks for putting this together 🙏

these ideas needed a name and meme and I think you folks nailed it. 👌