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The Ownership Crisis
The concept of ownership is so deeply embedded in our lives that it’s difficult to imagine how the world would look if that were taken away. Imagine if the clothes you bought could be worn only in the venue you bought them in. What if you couldn’t resell or reinvest in your house or car? Or what if you had to change your name wherever you went? Thi... See more
Chris Dixon • 16 insights from New York Times bestseller Read Write Own - a16z crypto
Through ownership of cultural assets, communities will shape the future in ways we can barely envision today. Imagine your favorite sports team owned by fans, not by billionaires; a music label owned by listeners; a city in the metaverse owned by a guild. The world of Collective Ownership is just beginning to emerge.
Prysm • The World Prysm is Building
Yet I find myself asking one thing over and over again: is it really possible to build a long-term community modelled on the "Ownership Economy", without crushing the entire effort before it even begins under the weight of the "money game"?
Richard Kim • Reflections on "Community"
While many crypto startups have successfully made their users into owners by following the Progressive Decentralization playbook, a number of founding teams feel compelled to step back from their projects at the time of token launch to reduce the risk that their tokens will be deemed securities. An alternative path may allow founders to stay involv... See more
Jesse Walden • Leadership in The Ownership Economy—Scaling Decision Making while Minimizing Securities Risk – Variant
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.