Decentralized Autonomous Organizations and the Promise of Utopia · Feature ⟋ RA

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.

The ownership economy-- by way of decentralized autonomous organizations aka DAOs + non-fungible tokens aka NFTs-- builds a business on top of the creator economy that encourages creators, operators and the community to collaborate together under a new, interdependent ownership mechanism that combines the best of both (legacy + creator economy) wor... See more

-Cryptonetworks and decentralized autonomous organizations (DAOs) as the future of internet-native co-ops: Such networks address two major issues that have prevented traditional cooperative businesses from becoming pervasive: access to capital and complexity of governance. With the issuance of a token, cryptonetworks can benefit from market specula... See more

platforms and networks built on the rails of blockchains are able to distribute tokens of ownership to anyone they wish, whether they’re a founder, a full-time employee, or a valuable community member. Imagine if Bandcamp had been a Web3-native company — could part of the proceeds from its recent sale to Epic Games have been distributed to the arti... See more

So what creators need, then, is the opposite of a cult: they need a decentralized collective, a DAO. With proper coordination, DAOs actually offer a far more compelling model for distribution than centralized models of either corporate conglomerates or, yes, cults. In fully decentralized creator communities, fans can actively become creators themse... See more