I wish crypto did a better job of delineating tokens who give you a real world claim vs. not. Crudely, ETH is a digital coin you put in the machine for it to run your instructions, gov tokens are mostly ballots that allow you to direct a stream of other virtual coins. Big simplification, but diff than a claim on RWAs.

(summer of) protocol {support | guild | fellowship} ☀️


There are just so many types of tokens. For example hiero tokens give full economic rights and no ballot. But token holders can convert to off-chain company shares.

So now we have digital coin (ETH), ballots (ENS), real world economics (HIERO). Most are not just one but a mix.