Well, basically SMTs (Smart Media Tokens) are coins that anyone can create within the Steem blockchain. It is basically creating one's own cryptocurrency. These SMTs can then be used in communities to do all sorts of different things. Anyone will be able to create their own community/SMT as I understand it. I posted a full livestream on Dlive of the whole talk if you want to hear him talk about it in more depth.
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Thank you for your time. Though i would have loved to ask more questions about the communities. I wil like to know if the. What communities and how one can join one