A smart contract can coordinate the ownership of something from one person to another. Smart contracts replace legal contracts because they move digital assets from one place to another, where a legal contract can only command someone to move an asset.
The name of the game isn’t about which platform to use anymore, it’s about becoming the platform.
Thinking through $OBEY as a currency, Shepard and the ObeyGiant team are now able to experiment with community as a digital asset and reach even more people across entirely new platforms and infrastructure.
All creators are driven by their fan communities. But how has technology evolved to support this creator-community relationship? In this piece, we explore the evolution of the creator-community membership from Web2 to Web3, specifically diving into NFT memberships and fungible on-chain memberships with ERC20 tokens.