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What Happens to a Social Token When Its Creator Dies?

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23.09.2021

Daniel Kuhn

Daniel Kuhn is a reporter on CoinDesk's Features team. He owns BTC and ETH.

Follow @DanielGKuhn on Twitter

What happens to a social token when its creator dies? That may be an odd question to ask about a technological tool that’s only beginning to take off, but thinking it through may help you understand what’s new in the “new digital economy” and what may never change.

Part of an effort to make “ownership” central to digital goods – broadly defined as Web 3.0 and including non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) – social tokens allow creators and fans to interact through novel financial relationships. At heart, they give holders a stake in the success of some “creator.”

This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here.

Countless musicians (like Grammy-winning artist RAC and BT), artists (like Jen Stark), sports legends and prospects (Washington Wizards point guard Spencer Dinwiddie and UCLA sophomore guard Jaylen Clark) and even investment gurus (like Kerman Kohli) have moved into the........

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