When you enter the fantasy world of blockchain and decentralization and start to educate yourself beyond Bitcoins, you must be overwhelmed by the terms and functions of different kinds of tokens out there.

And it seems like every single project has its own definition and rules of their tokens. The more you search, the more confusion you build. Terms like altcoins, ERC-20 tokens, exchange tokens, DeFi tokens, governance tokens, real world asset tokens, ICO tokens, NFTs, utility tokens, stable tokens, privacy tokens and creator token.

Token types are too many to mention as more and more tokens emerge as the development of Web3 and blockchain technology.

When you look beyond DeFi and dig more into how Web3 applications impact daily lives of common people, especially if you’re a creator, an influencer, and a daily internet user, you don’t need to master all the science and technologies behind each type of token. Just as you don’t need to understand any technology behind TikTok, Instagram, Uber or Amazon.

All you need to understand in Web3 is: community, ownership, and control are the key features that cannot be repeated more when people explain Web3.

In the past few years, during the fab and bullish market of Web3, techies and early adaptors rush into different Discord communities and Twitter Spaces, they minted and traded not only DeFi coins, but they also minted cartoon apes, flying rainbow kitties and many other so called PFP NFTs, aka profile picture NFTs, to declare their status and involvement in the Web3 landscape. Besides infrastructures and platforms, the 2 most important players are creators and followers, who form communities on various products and platforms.

The power in decentralization enables creators to earn more from their work and achieve an unprecedented level of autonomy and anyone who knows how to use Facebook should be part of Web3. So today we’re listing the two major tokens in Web3, NFTs and Creator Tokens, in summary of the most common use cases of both cryptos, and how are they similar or different in various use cases.

When you enter the fantasy world of blockchain and decentralization and start to educate yourself beyond Bitcoins, you must be overwhelmed by the terms and functions of different kinds of tokens out there.

And it seems like every single project has its own definition and rules of their tokens. The more you search, the more confusion you build. Terms like altcoins, ERC-20 tokens, exchange tokens, DeFi tokens, governance tokens, real world asset tokens, ICO tokens, NFTs, utility tokens, stable tokens, privacy tokens and creator token.

Token types are too many to mention as more and more tokens emerge as the development of Web3 and blockchain technology.

When you look beyond DeFi and dig more into how Web3 applications impact daily lives of common people, especially if you’re a creator, an influencer, and a daily internet user, you don’t need to master all the science and technologies behind each type of token. Just as you don’t need to understand any technology behind TikTok, Instagram, Uber or Amazon.

All you need to understand in Web3 is: community, ownership, and control are the key features that cannot be repeated more when people explain Web3.

In the past few years, during the fab and bullish market of Web3, techies and early adaptors rush into different Discord communities and Twitter Spaces, they minted and traded not only DeFi coins, but they also minted cartoon apes, flying rainbow kitties and many other so called PFP NFTs, aka profile picture NFTs, to declare their status and involvement in the Web3 landscape. Besides infrastructures and platforms, the 2 most important players are creators and followers, who form communities on various products and platforms.

The power in decentralization enables creators to earn more from their work and achieve an unprecedented level of autonomy and anyone who knows how to use Facebook should be part of Web3. So today we’re listing the two major tokens in Web3, NFTs and Creator Tokens, in summary of the most common use cases of both cryptos, and how are they similar or different in various use cases.