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What are Governance Tokens? How Token Owners Shape a DAO's Direction

Blockchain technology has opened up a world of new possibilities. From decentralized finance (DeFi) to digital scarcity and ownership through NFTs, there’s been an explosion of innovation around products, services, and platforms. Cryptoeconomics and tokenization are unlocking new models for organization and ownership. The products, services, and platforms emerging from these new models are user-owned and operated, built for and by the communities they serve. These communities are composed of in