Collectivizing Finance

In Web 3, companies achieve liquidity early via ‘tokenomics’ and other novel mechanisms to raise capital from users (often highly speculative in nature), and build the necessary technical infrastructure to create an alternative internet: decentralized servers, identity-management ‘wallets’, token exchanges allowing easy movement among various ecosy... See more

While new models for collective organizing will continue to emerge and evolve, it’s likely that the most successful among them will include some combination of the following: one-member one-vote governance, tokens as ownership, community investment, liquidity for contributors, and bootstrapping through on-chain contributions.

While venture capitalists are optimising for value extraction per mandate, crypto cooperatives intend to create and distribute value as broadly as possible in order to stay minimally extractive long term. This is why decentralization matters.