LinksDAO, known for its initial NFT-focused approach, is making a strategic pivot by announcing plans to launch a community token on the Base network. This move represents a significant shift in their business model and adaptation to current market trends.
Evolution from NFTs to Community Tokens
LinksDAO’s journey began with NFT sales, but the organization has recognized the need to evolve with the changing crypto landscape. The transition to a community token structure suggests a broader vision for community engagement and governance.
Why Base Network?
The choice of Base network, Coinbase’s layer-2 scaling solution, is particularly noteworthy. Base has gained significant traction due to its lower transaction costs and connection to Coinbase’s ecosystem. This platform choice could provide LinksDAO with enhanced scalability and wider accessibility.
Market Implications
This strategic shift reflects broader market trends where projects are moving beyond pure NFT plays to more comprehensive tokenomics models. Community tokens often offer more utility and governance rights compared to NFTs.
The timing of this launch could benefit from Base’s growing ecosystem and increased interest in layer-2 solutions. Projects launching on Base have seen significant community interest due to the network’s connection to Coinbase.
Community Impact
For existing LinksDAO NFT holders, this new token could provide additional utility and governance rights. The move might help LinksDAO build a more engaged and active community.
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The transition from NFTs to community tokens represents an important trend in the Web3 space. Projects are increasingly focusing on sustainable community-driven models rather than purely speculative assets.
Tags: LinksDAO, Base Network, Community Tokens, Layer-2, NFTs
Source: CoinDesk