What Is An Example Of Token Gating?
Here are some instances showcasing token gating through NFTs and other tokens:
- Friends With Benefits (FWB): FWB operates as a private discord server, functioning similarly to a social network but with exclusive membership, akin to a country club. To join FWB, individuals are required to possess a minimum of 75 $FWB tokens.
- Crypto Art Collectibles: Certain platforms offer limited edition digital artworks as NFTs (Non-Fungible Tokens). To access and purchase these exclusive art pieces, individuals must hold a specific number of tokens native to the platform or the artist’s collection. This token gating mechanism ensures that only token holders can acquire and enjoy these unique digital collectibles.