Big fan of the app-token / NFT model — especially when the design lets players actively engage with the token to increase its value.
Few understand this now.
[@alokvasudev] says “3 out of 20” people in crypto are currently aware of apptokens.
he thinks more will be soon.
apptokens are "creator" constrained tokens, like ERC-721C & ERC-20C.
driven purely by developer demand, “the majority of new nft's across @ethereum are 721C's.”
built by @limitbreak and @gabrielleydon (one of the best game designers in the world), apptokens are already powering new experiences on @opensea and @ronin_network.
the possibilities are built for gaming, and also go beyond.
some include 1) royalty enforcing-tokens, 2) spend-only tokens, 3) token trading restrictions (to specific pairs, price ranges, or whitelists), 4) custom vesting, expiries, or seasonal windows, and 5) "backed tokens", with guaranteed redemption logic.
these are just some examples of the constraints that you can place on apptokens (+ the programmable AMM built to service them).
@AlokVasudev shares the story of how apptokens came to be in long-form, below.
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