Conditional tokens (Polymarket), intersubjectivity tokens (EIGEN), sovereign rollups... all these concepts come together at the heart of the blockchain: guaranteeing social consensus on something through governance. This talk will introduce two novel concepts: Protocol Asset and Sovereign Token. Protocol Asset means canonical tokenized asset with the most social consensus preference of protocol, such as Pandora to ERC-404 protocol. Sovereign Token is an extension of the concept of a Protocol Asset, i.e. any token such as an ERC-20 is forkable based on social consensus.