It's no secret we as human beings are social animals, which means that we are good at communicating, socializing with each other. We want to belong, this sense of belonging is what makes us feel safe and Cared for. Being in a community, tribe gives us belonging and pride. We want to belong to someone, somewhere. In old days, humans are divided into Tribes, community and every human being belongs to some tribe, that's how they get their identity and get related to that tribe.
Nothing has changed since then, we are still in the present time looking for some communities to join to have that sense of belonging. We joined some clubs, groups, events to socialize, communicate but most importantly to be a part of the community and groups.
The same thing happening in the crypto world, New Tokens are created and a community is created around it.
How it Started?
At first, in 2009 the bitcoin was created on the blockchain technology by Satoshi Nakamoto, alleged Creator of Bitcoin and at that time the community of bitcoin is small but now after a decade Bitcoin
Community is so big as Bitcoin booms in the decade and everyone wanted to connect to it.
But other than Bitcoin there are more than 12,000 Coins all are created on Blockchain Technology like Ethereum. Blockchain helps in creating many Tokens, as all the tokens/coins are created on Blockchain Technology.
The Meme Coin...
In 2013, a meme Coin which is Dogecoin was created as fun. Many people invested and created a community for fun as this cryptocurrency was created to be Fun.
NFT and its use
Similarly, NFT comes into the Picture; NFT or Non-fungible Tokens are digital Assets that represent Art, collectible, and in-game items. They are traded online in exchange for cryptocurrencies and are generally encoded within smart contracts on a blockchain.
Tokens
Now, in 2021 there are many tokens; some of the tokens and no real benefits but some have real applications like providing many services in exchange for cryptocurrencies. Other than this they form a community around it.
Social Tokens and what are they?
Social Tokens also known as personal tokens, community tokens, and creator coins are decentralized and secured by blockchain and built on the same model as common cryptocurrencies like Bitcoin or Ether.
Many influencers are launching their own cryptocurrencies and building audiences and creating a community, this is done to add more people and increase the value of the coin. NFT comes into the picture similar to this and now it has a massive community and many people are using it.
In short, Social tokens are made for personal gains, to attract people, connect them, and finally make a community around them.
