Better Aligning Value Creation & Value Capture

Ownership is a powerful motivator for users to contribute to products in deeper ways, be it with ideas, computing resources, code, or community building. This more cooperative economic model helps ensure better alignment with users over time, resulting in platforms that can be larger, more resilient, and more innovative. This is the Ownership Econo... See more

“The ownership economy doesn’t always mean a literal distribution of tokens, stock options, or equity,” Walden wrote in a post outlining the idea. “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 o... 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

Web3 is often referenced as an important part of the “ownership economy,” in large part because it enables creators to monetize in creative ways while owning both their work and a part of the platforms. But creator tokens can start to take us down a more dystopian path in the ownership economy — one where the fans start to own the creators. The (of... See more

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

This is the Ownership Economy, and beyond being a positive social endeavor, the platforms building it are able to leverage the strongest form of market incentives to grow network effects.