A New Media Structure: The Ownership Economy

The ownership economy. Central to the idea of NFTs and cryptocurrencies is the ownership economy where those who participate in the system also hold an ownership or financial stake in it. In this economy, the platforms are built, operated, and owned by their users, who are even more incentivized to make sure the system keeps running and has the adv... See more

Giving ownership to creators is the most impactful way to empower creators. 

There is a transition happening from the attention economy to the ownership economy. Four ways to transition: the introduction of digital scarcity (NFTs), patronage (supporting creators), new economic models, and community ownership (DAOs).

There are many different wa

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Today, crypto technologies like decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) enable a new model of character development and ownership that could not only unbundle creative media, but also lower the barrier to entry for online communities to bring new characters into the world.