Thread by @mikeyimp

What's after NFTs?
A @scribeDao summary from @BanklessHQ

All things NFTs are going through the roof right now. Some may ask, where does it end?

The better question may be, where does it go from here? A thread 👇
newsletter.banklesshq.com/p/whats-after-…

1⃣ GameFi

The meteoric rise of @AxieInfinity has opened the floodgates to #Blockchaingaming, beginning a paradigm shift in:
- Free-to-Play ➡️#PlaytoEarn
- DeFi Airdrops ➡️ GameFi Rewards (Earndrops?)
- Using ➡️ Owning

Lookout for games coming to L2!

2⃣ Yield Farming Revival

Farming was all the rage last summer and simmered down thanks to gas. This idea is:
1⃣ Every L2 or DeFi app will have a token
2⃣ That token will need to be distributed
3⃣ The main way to distribute is with yield farming or retroactive distribution
Plus,

DeFi apps that want the L2 crown will boost yields via their own incentive programs.

We’ve been seeing many protocols launching their own similar incentive programs lately

With @arbitrum's launch yesterday, this is likely to become a reality very soon!

https://twitter.com/arbitrum/status/1432817424752128008

3⃣ Web3 Social Media

#Web3 dApps have been the earliest ideas of Ethereum

With L2 coming, social media dApps are coming back into the spotlight 💡

With community driving much of crypto, crypto-based SM that rewards its community is geared for success.

https://twitter.com/StaniKulechov/status/1416385933549654016?s=20

This is backed by current demand:
- Everyone displaying their PFP NFTs
- Sites that display one’s NFTs are primitive, yet growing (s/o @unstoppableweb NFT Gallery)
- Everyone is talking about how we'll interact in the #Metaverse

A crypto SM platform can combine all of this 🌐

4⃣ Tokenized Communities

“Communities are the new alpha”
More people are joining digital communities that have turned from interest groups to investment phenomena powered by a strength in numbers.

The article covers two categories specifically:
1⃣ DAO Tokens
2⃣ Social Tokens

DAO Tokens

DAOs are a combo of communities, products/services, & more. With DAO tokens, you not only gain financial exposure, but a stake in the future of the org.

We’ll see DAO communities find new ways to increase value opps. @Cooopahtroopa explains:

Social Tokens

Creates a new relationship dynamic between creators and their community: a two-way channel to express interest, ideas, & ownership.

Instead of just making content, they work together to make value ecosystems. See @3LAU's Royal platform:

Everything’s Connected 🌐

Most of the above will overlap with each other in some form. Like there will be some blockchain game that has NFTs that you can earn yield on with social DAOs 🤯

The real alpha is not in the specifics, but where all of these align and work together. 🧠

Now that you know where NFTs are going, go follow me and @scribeDAO for more summaries before you go back to looking at your jpegs ✌️