“Fantasy Hollywood” — Crypto and Community-Owned Characters - a16z crypto

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. It could also lead to characters that a... See more

The rise of character DAOs: 

What if some of our most important and culturally-relevant non-profits, which have to spend so much time, energy, and ironically, money fundraising, were owned and governed by DAOs? A treasury backed by real-world assets with a token fueled by narrative upside would be an interesting proposition.

On his blog, gaming company founder Kyle Russell envisioned a successor to Marvel’s cinematic universe popping up on a project like Loot: Assuming the project’s originators went with the direction of the Loot zeitgeist, all of this would be [intellectual property] that could be re-used and remixed by anyone. That might sounds crazy — isn’t the... See more

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.