Podcast Host Lists Himself on Balancer: â€˜EVANâ€™ Increases 500% in 2 Hours
Personal tokens are growing in popularity with the host of â€˜Week in Ethereumâ€™ listing EVAN tokens on Balancerâ€�.
The host of the â€˜Week in Ethereumâ€™ Podcast and former Director of ConseSys, Evan Van Ness is the latest person to tokenize himself on the blockchain â€” a growing trend in the gaming and marketing sectors. Within two hours of launch, a quarter of the EVAN tokens had been sold with the price per token increasing six fold.
The ERC20 tokens were created by using OpenZeppelin Contracts V3 code and were originally priced at around $0.04. At time of press, 250,000 tokens had been sold with the price rising to over $0.25, representing an increase of more than 500%.
The tokens can be redeemed for certain interactions with the podcast, Ness said on Twitter:
â€œRight now you can redeem them on the following schedule:
Week in Ethereum News sponsorÂ = 87,654 EVAN
Be the guest on my soon to be launched podcast = 133,700 EVAN
Retweets = 888 EVAN
Schedule 30 minutes with me by Zoom = 4200 EVANâ€�
In an interview with Cointelegraph, Ness called it an, â€œexperiment in independent media sustainability.â€� The Week in Ethereum podcast currently has four sponsors â€” Celer, Chainlink, Trail of Bits, and 0x â€” between them covering nine of the 12 months each year. However he said sponsors required quite a bit of work to obtain:
â€œBy tokenizing it, Iâ€™m essentially decentralizing finding my sponsorsâ€�.
He said the tokens will help â€œget [the podcast] more attentionâ€� and that token holders would now be â€œincentivized to go find a sponsorâ€� for the program who will pay them a higher price for the tokens.
Ness compares his token to other cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), and refers to EVAN tokens as money. He said it was better than, â€œthan a memecoin like DOGE or BTC, because it has intrinsic value.â€�
NFTs and DeFi
The concept of tokenizing oneself has been explored recently with Cryptopuzzles inventor, and Neon District founder, Marguerite deCourcelle (Coin_Artist) tokenizing herself into a â€˜video game bossâ€™ in July 2020.Â
â€œBy tokenizing â€˜coin_artistâ€™ into an NFT, I am essentially tokenizing my brandâ€�, she explained, stating that fractionalizing the NFT as ERC20 in-game tokens would result in both financial and in-game incentives.
â€” YTðŸ—� (@coin_artist) July 18, 2020
DeFi enthusiast and Rocket founder Alex Masmej is said to be the first person to tokenize himself in April 2020. The tokens are used to vote on personal actions Alex would complete in a series of â€œcontrol my lifeâ€� experiments.
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