Before crypto, most people thought “trading in liquid markets” MUST mean trading equity in companies or maybe funds or bonds.

So that mental model got put onto tokens and we had to battle the Howey test, etc

In hindsight, crypto 
 just brings liquid markets to *anything*: crowdfunding, tech protocols, collectibles, memes, media, etc.

It might have nothing to do with equity in a company or entity. Tokens can represent so many different things. And now it’s much less risky to explore that design space. So bullish on the fun and interesting things that will now have liquid markets. I’m particularly interested in social and cultural capital.

🏗️ crypto builder  |  
💼 @gigbot.eth  |  
💸 paymagic.xyz  |  
🌐 nf.td/corbin

What do you think are the next underrated forms of social or cultural capital that’ll get liquid markets?