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

The ownership economy doesn’t always mean a literal distribution of tokens, stock options, or equity. Rather, it means that ownership — which may manifest in the form of novel economic rewards, platform governance, or new forms of social capital — can be a new keystone of user experiences, with plenty of design space to explore. - Jesse Walden

Crypto networks and DAOs often use the concept of the “ownership economy,” an idea first articulated by venture capitalist Jesse Walden, as a kind of guiding philosophical infrastructure.

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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