In this conversation, Austin talks to Nathan Schneider, a proponent and leader of the “Exit to Community” movement to learn more about its background and meaning, as well as its application within crypto networks. Nathan is an author and a professor of media studies at the University of Colorado Boulder, where he directs the Media Enterprise Design Lab.
It’s not for everyone. Start talking with an average human being about “exit” and they’ll start looking for a red glowing sign or something. But talk about “exit” to a startup founder, and it means something very different. The exit is what nearly all investor-backed startups are for, what their founders are working toward, because that is what investors demand. Usually, the exit is when the startup gets sold to a bigger, generally more boring company, or when it “goes public” on a stock market and pieces of it get passed among countless buyers and sellers. That’s when investors, along with founders and early employees, get their payday. But for startups that build communities—of users, or workers, or whomever—the people who have come to rely on the startup most don’t benefit. They’re the asset, really, they’re what makes the startup valuable. So what if there were ways for that community to become its stewards in the end? That’s the possibility we’re trying to make more of a reality, more of a live option.
A Coopah x ForeFront Collab.
Social tokens. Community tokens. Creator coins. DAOs.
The terms you hear every day have evolved into a movement with no signs of slowing down.
In the time that’s passed since the 2020 Social Token Year in Review, what was once a nascent sector has become a hotbed for the industry’s most creative minds to explore the intersection of financial and social capital.
🎯 Update: WOW. Target reached! We are overwhelmed by the support for this experiment in funding high quality public content. Thank you to all who have contributed by collecting the NFT. This essay is now permanently available to the public.
Analysis of on-chain activity of social tokens tracked by Forefront.
Social Tokens have exploded in growth over the past 18 months and momentum is still picking up. Forefront community member RantumBits conducted an on-chain analysis of the 25 tokens listed on Forefront Market, as measured in the Dune Analytics dashboard on the number of wallets holding tokens, and their trading activity. (Note: price activity will be added to the dashboard once tokens are added to Dune’s database.)
While there’s much left to explore, here are four key takeaways that have us excited:
The focus of this piece is to highlight the important business opportunities that social tokens and NFTs enable for services, software, and creators without 3rd party investment. We cover what tokenized access and subscriptions look like, ongoing experiments with the tech, as well as the numerous advantages over traditional SaaS. We purposefully don’t dive specifically into other important benefits that token economies can provide services willing to decentralize, such as governance, DAOs, etc. We mainly focus on the argument that all or most SaaS and creator businesses can and should tokenize subscriptions to their services.
Tokenized services are especially powerful for creators, allowing them to focus on providing a good service, finding customers who want the service (a market fit), and focusing on bringing that customer value. This is good for customers since they can pay less and have a better experience. It’s good for creators since they can sustain their businesses.
Forefront is excited to announce its first NFT Drop collab with Mintfunds uprising artist Ikaro Cavalcante (Occulted).
Occulted is a transdisciplinary Brazilian artist working with 3D and sounds that reconstruct common spaces with their affective memory, be they virtual, such as games, or physical, such as internet cafes. Their most recent work "Perennial Links" was featured on Sotheby’s Natively Digital NFT Auction.
The drop features two limited edition NFTs, entitled "Genesis Connect" and "Genesis Access", auctioned off as 1/1 and multiple editions, with a portion of the proceeds going to Mint Fund to further support crypto creators on their NFT journey
The artwork comprises FF metaverse "like" vibes in a completely open and experimental artistic playground while capturing the community essence, its value and evolving culture.