Vertically Integrated vs. Lateral Tokenized Systems

Fragmenting crypto into a separate token for every post or community creates zero-sum speculation, while vertically integrated systems built around fewer tokens can compound value sustainably. Hyper-tokenization can leave creators with boom-bust cycles and loyal collectors holding nearly worthless tokens. Ethereum captured value through gas fees during the 2021 NFT boom, and Uniswap uses a single UNI token for governance across all trading pairs.