Forrest Prize Coin and NFTs

Forrest Prize Coin and NFTs

Forrest Prize Coins (FPCs) and Forrest Prize NFTs (FPNFTs) are given out by Forrest (and friends?) for exemplary literature.

FPCs replace the Booker Prize, because the Booker Prize sucks. - Forrest

Potential applications:

  • Grant FPCs to users, allow users to use FPCs to vote for their favorite books.
    • Author of the books receive FPCs → infer prestige
    • Limited number of FPCs per user → force rank favorites, incentivize more meaningful recommendations
  • Users can grant each other FPCs for creative work → incentivize creativity